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DTO - Crude Oil Falls On Inventory Builds And Bearish Sentiment In Commodities
Deutsche Bank AG London ZC SP ETN REDEEM 01/06/2038 USD 25 - 25154K809
After falling to a low on the nearby NYMEX WTI crude oil futures contract at $42.36 in late December and just below $50 on the Brent contract, the prices of both petroleum benchmarks rise steadily reaching their most recent peaks in late April. WTI moved to a high at $66.60, and Brent's top was at $75.59 per barrel.
The crude oil market faced opposing forces as the price of the energy commodity remains a lot closer to the April high than the late December 2018 low, but the price corrected last week. While a combination