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On May 22nd WTI Crude nearly reached $73 / barrel and since then prices have dipped almost 10%.
Rig Count
China has responded to the Trump administration’s recently implemented tariffs on steel and aluminum with tariffs on imports of 128 American made products that range from 15% to 25%. The list of products are wine, frozen pork, nuts, fruits and aluminum scrap. Not on the list, U.S. crude.
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