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#CRUDEOIL# narrow range. Be prepared for a directional move soon.
#TECHCHARTSMEMBERS# I've covered several #ENERGY# equities in the latest report. Continued strength for #CRUDEOIL# can build a "theme" in energy equities.
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Crude Oil on track for 6 consecutive red days, its longest losing streak since August 2025 📉 📉
Crude Oil has now declined for 5 consecutive days, its longest losing streak since August 2025 📉
Crude Oil jumps to highest price in more than 4 months 📈 📈
Crude oil is climbing as market stabilizers start to fade.
The supply buffers and inventory cushions that kept prices steady for months are weakening, leaving less room for error.
Crude oil going back to the YTD highs?
Crude #oil# stockpiles (excluding the Strategic Petroleum Reserve) rose by 4.4M barrels to 428.8M barrels for week ending Aug. 14, marking a third consecutive increase and pushing inventories to their highest level since May
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Crude oil price
1st of January: $57.3
Now: $84.8
Crude oil price drops 6%
US President Donald Trump suspended military strikes against Iran after top military leadership, including CENTCOM Commander Brad Cooper, reported that a two-week air campaign had achieved its objectives and exhausted designated targets . Gen. Dan Caine warned that dwindling air defense interceptors could expose US forces to retaliation, and UN Ambassador Mike Waltz stated that the pause allows room for diplomatic negotiations
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