CRUDE OIL-BUY LIMIT
The increase in Crude oil prices can be attributed to the United States (US) Energy Information Administration revising its forecast for growth in domestic oil production in 2024. The revised projection of 170,000 barrels per day (bpd) is lower than the previous estimate of 290,000 bpd, contributing to a more bullish outlook for oil prices.
Trade closed: stop reached
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