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Back Fundamental analysis
Oil Ends the Week Down 9%
Oil finishes the week down about
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Oil finishes the week down about 9%—Brent is trading at $79 per barrel, while WTI is around $77. Futures have virtually lost all the gains accumulated during the war with Iran. This historic movement marks the largest supply shock in oil market history and is beginning to reverse.Physical signs of normalization are appearing rapidly, something many analysts likely did not expect, predicting that prices would remain high due to difficulties in normalizing production and exports, with Iran playing a key
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
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Maxim Magdalinin
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