Todd Colvin breaks down the recent rally in WTI Crude Oil futures, detailing how prices surged past the $90 mark to close at 92.16. He explains how renewed uncertainty surrounding weekend peace and ceasefire talks sparked a significant shift from Friday's lows near $86 a barrel. This sudden reversal not only revived inflationary concerns but also brought a swift return to market volatility. Furthermore, Colvin highlights ongoing speculator positioning, noting a continuous exit from net long positions that traces back to late March.
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