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🛢️ Oil Pulls Back — Profit Takers After 7-Week High
Pulse of the market
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Oil retreated today after a sharp run that lifted it to a seven-week high. Brent dipped ~0.3% to $69.12, and WTI fell ~0.3% to $64.77.
The retreat comes amid profit taking, fears of weaker winter demand, and renewed supply from Kurdish regions.
Markets are now watching if this is just a breather or the start of a fresh downtrend.
