Russia rejects Western price cap for oil exports – by fx_ross Oil WTI RussianFederation
Meanwhile, West Texas Intermediate is correcting into the Fibonacci scale drawn on the prior bullish leg as follows:analysis above, the W-formation is a reversion pattern and the price would be expected to be drawn towards the neckline in which this case has a confluence with the 50% mean reversion area near $78.50bbls.
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