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US Crude Hits $55.70, highest since before the plague
[Reuters] U.S. West Texas Intermediate (WTI) crude futures rose 93 cents, or 1.7%, to settle at $55.69 a barrel, the highest since Jan. 22, 2020, after touching a high of $56.33 earlier in the session.

Brent crude futures rose $1, or 1.7%, to settle at $58.46 a barrel, the highest since Feb. 21, 2020.

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price was about $45 before the election; variety of causes: US consumption up, Saudi production down, Biden policy
Posted by: Lord Garth 2021-02-04
http://www.rantburg.com/poparticle.php?ID=593291