Despite concerns over the Eurozone crisis, WTI crude oil jumped above 100 for the first time in 4 months as a logistical bottleneck between Cushing Oklahoma and the Gulf was eased. The front-month WTI contract rallied to as high as 102.89, a level not seen since June 1, before settling at 102.59, up +3.24%.
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WTI Crude Rallies as Enbridge Resolves the Pipeline Bottleneck at Cushing
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