Oil prices were mixed today but mostly flat as investors took profits later in the session. Fundamentals still remain bullish, particularly with the reopening in China already leading to more purchases. “While the (China) reopening itself will no doubt prove to be complicated, particularly over the holiday season, early indications suggest there has been a rise in activity, meaning the economy could perform better,” said OANDA analyst Craig Erlam. Erlam also indicated he thought Brent would trade in the $90 to $100 range for the rest of this year. WTI traded down $.02 to close at $81.62. Brent traded up $.56 to close at $88.19.<\/p>\n\n\n\n
Oil prices were mixed today but mostly flat as investors took profits later in the session.<\/p>\n","protected":false},"author":2,"featured_media":6111,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-8579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"\n