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WTF WTI

Having dropped on a surge in crude production and surprise inventory build, the machines decided it was the perfect time to panic-bid WTI futures (on the back of reports that some Gulf of Mexico production was shut in due to an outage at Shell’s Enchilada platform), running stops from the last two days...

 

Then once that ammunition was exhausted, WTI collapsed back to the lows of the day...

 

Fun-durr-mentals!