WSJ Interview

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WSJ Interview

US benchmark oil prices end the session slightly lower, down 0.3% at $65.39 a barrel as a stronger dollar and worries about demand in Europe keep a long-running price rally held in check. Peter Cardillo at Spartan Capital says that while investors pushed WTI prices up toward a fresh, 22-month-high near $67 early in today’s session, the demand concerns in Europe as Italy reimposes a coronavirus lockdown have caused reluctance among oil bulls who may prefer to instead keep prices near the $65 level until a clearer picture on global demand and supply emerges.