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Crude Oil Closed at $78.68

by Krystal

Crude oil ended the day at $78.68, a decline of $1.36 or 1.70%.

Analyzing the daily chart, the lowest price held above the 38.2% retracement level from the September 2023 high. On the upside, the 50% midpoint of the same range is at $80.15. Yesterday, the price briefly rose above this level but failed to maintain the upward momentum.

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