WTI Light Crude Oil
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Will Oil see a rally in December and give an EOY push?

97
Oil is in a cool spot right now where bulls have and are continuing to buy the dip around 67/brl. If this continues this can be a local bottom for the winter IMO as crude seasonally has a strong December/EOY.

Seasonality doesn't always have 1:1 correlations but over 30 years it has shown a strong positive correlation to an upward move in Oil and energy.

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