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Energy Preview: WTI Crude lingers around $58 per barrel
23-Dec-2025 09:29
WTI Crude oil futures rose yesterday, benefitting from supportive equities and sustained bargain buying. Oil also eyed uncertainty on Russia-Ukraine war and WTI Crude oil futures broke above $58 per barrel, approaching one-week high. Another key factor at play right now is the falling US oil rig count. The US oil-focused rigs are at a four-year low and this could ensure that oil stayed supported after testing around four-year low few days ago.

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