Oil bounces fades as questions about US gasoline demand continue

Weekly oil chart

WTI crude oil settled at $89.01, up 47 cents on the day.

That’s a win for the bulls but certainly not the kind of bounce they were hoping for after yesteday’s breakdown below $90. It wasn’t all bad news though as crude showed some life after a drop to as low as $87.01.

Ethan Andrews

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