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Barchart
Rich Asplund

Crude Oil Erases Early Gains on Long Liquidation Pressure

Oil Donald Trump OPEC United States

February WTI crude oil (CLG25) Monday closed down -0.40 (-0.54%), and February RBOB gasoline (RBG25) closed down -0.0182 (-0.89%).

Crude oil and gasoline prices Monday gave up an early advance and posted moderate losses.  Long liquidation pressure emerged in crude futures Monday after prices could not breach $75 a bbl.

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