Oil traders await the US CPI data after war premium fades and prices stabilize above $68

FUNDAMENTAL OVERVIEW Oil prices have briefly fallen below pre-war levels last week but eventually settled above the key 68.00 support zone. The big unwinding should have run its course now and we could see a prolonged consolidation around these levels. The situation in the Strait of Hormuz is still murky but overall, there’s no real breakdown for now. The n…

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