It was a choppy week for the oil market. While a pullback is justified after weeks of relentless rally, several evolving events have the potential to drive prices further higher. Look as crude oil prices, both benchmarks retreated earlier in the week on profit-taking. Buying interests resumed in the middle of the week as Middle East tensions showed signs of intensification.
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Weekly Fundamentals – Resurgence of Middle East Tensions Support Oil Prices
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