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WTI and Brent floor price has been set by Biden and his promise to refill SPR at $70.......

 

If Biden announces a new buy price at a lower number all bets are off on the floor of $70 WTI....

Sleepy Joe is in control of the floor

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(edited)

WTI long position volumes are a six year low and WTI holds at ~$70. That would seem to set a price floor, with much upside ahead as long volumes normalize.

Edited by Ulysses

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