Crude Oil WTI China Inventory Refining Capacity Technical Outlook – Topics to Talk about

  • crude oil prices are under pressure as China steps up lockdown measures as Covid spreads
  • A surprise build-up of US inventories and the restart of a major US refinery are creating headwinds
  • WTI prices continue to decline from the 100-day SMA, but a triangle pattern offers a breakout opportunity

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crude oil prices little changed in Asia-Pacific trade…

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