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Distillate Cracks And Term Structure In Crude Oil Could Be Signs Of A Bottom

Distillate Cracks And Term Structure In Crude Oil Could Be Signs Of A Bottom

November 19, 2018

The crude oil market fell to a low of $54.75 on the active month contract on November 13, but there are some signs that after six weeks and twelve consecutive sessions of lower lows, the price of the energy commodity could have found a low. In my latest work for Seeking Alpha, I look at some of the pieces of market structure in the oil market that could be pointing to a continuation of the recovery that resulted in three consecutive days of gains at the end of last week.

Article: Distillate Cracks And Term Structure In Crude Oil Could Be Signs Of A Bottom

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