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12:55
01/11/17
01/11
12:55
01/11/17
12:55

Energy Action: NYMEX crude

Energy Action: NYMEX crude has rallied to two-session highs of $52.56, after falling to $50.77 in the aftermath of the EIA inventory report. The contract held above overnight lows of $51.73, which was taken as a signal to cover short positions. Until the market gets a better feel for the supply/demand picture in the aftermath of OPEC output cuts, analysts look for the broad $50-$55 band to hold up.

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