The last 24h wti pattern is another classic example showing that technical analysis is worth nothing !
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Does Trump realise lowering the front month should not be his objective? Consumers dont buy crude oil, they buy refined products.
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There have been several instances over the past decade when Cushing inventories collapsed while oil prices were falling, notably in 2014, 2021, 2023, and 2024. What matters most is not the inventory level itself, but how the market sees the next 6 month.
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