Oil prices edged toward $80 per barrel on Wednesday as global supply outages and declining U.S. inventories offset worries that rising coronavirus cases might reduce demand.
Both contracts are trading near their highest levels in a month, aided by the strength in global equities. “With market activity much reduced for the holiday season, investors continue to tentatively price in a global recovery hitting a minor bump, and not a pothole.”
And all the reservoirs are full ! Pure manipulation
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