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22 Aug 2024

Oil moves sideways and trades at low levels

Crude oil futures declined during the Asian session on Thursday.

According to the New York Mercantile Exchange, crude oil futures for October traded at $71.89 per barrel at the time of writing, marking a 0.06% decrease.

Earlier, it was traded at a session low of $71.58 per barrel. Crude oil may find support at $71.47 and resistance at $78.16

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