Iron Ore Offshore Dec 21 Morning Technical Comment – 240 Min Chart 01/12/21

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Oil and Products Morning Report 01/12/21

Good Morning. Oil rebounded from a sharp decline on speculation that recent deep losses were excessive and OPEC+ may decide to pause hikes in production, with the abrupt reversal fanning already-elevated volatility. West Texas Intermediate rallied 3.2% after tumbling by more than 5% on Tuesday, when a sell-off was driven by escalating concerns about the …