Sudden Oil Spike - what you need to know!

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Iran suspended cooperation with the U.N. nuclear watchdog, amid a surprise build in US crude inventories.

Iran’s move added a modest risk premium to prices, though analysts noted that no actual supply disruptions have occurred.

$66 is a key level for WTI crude to hold above.

If it can maintain this area, we will likely see higher price. $66 is a multi year trendline of support going back to 2021.

Energy stocks / XLE basket is showing some bullish divergence, perhaps indicating this oil move has legs.

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