Crude Oil Poised To Snap Six-Day Losing Streak

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July Crude Oil futures are trading higher by $1.16 at $47.37 per barrel in Friday's session. It's attempting to end a six-day losing streak that has taken the contract from its high close of the rebound on June 8 at $51.23 to $45.83 in today's pre-market action.

That low coincided with Thursday's low at $45.91. The ensuing rebound has come up shy of Thursday's high ($47.73), so far reaching $47.48.

Posted In: FuturesTechnicalsCommoditiesIntraday UpdateMarketsTrading IdeasOil
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