Crude Oil Retreats after Failing to Test 80
BonTradeCrude oil edged higher earlier in the day but faltered below 80 in European session. Currently trading as 78.8, the front-month WTI contract drops amid profit-taking after price rallied almost +4% Thursday. As crude oil has reached the upper end of recent trading range, further meaningful rise in price would be difficult unless economic outlook and demand/supply balance show signs of improvement.
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Crude Oil Retreats after Failing to Test 80
