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WTI CRUDE OIL AT CRITICAL LEVELS BEARISH PRESSURE TESTING $55 SUPPORT ZONE

CRUDE OIL was closed on Friday at weekly wrapped up at mid-range after testing the high level of $ 64.85 in the same weekly trading session as still posted a weekly loss of over 1% amid persistent oversupply concerns and uncertainty around U.S.-China trade talks. Market sentiment remained cautious as reports indicated the U.S. and Russia are making progress toward ending the conflict in Ukraine, though key terms have yet to be finalized.