Argus
•
Apr 30, 2026
Technical Assessment: Bullish in the Intermediate-Term
Intermediate Term
Long Term
Summary
Wednesday saw another eruption in crude oil, with WTI exploding over 8% and trading at $108.50/barrel late in the day. Brent oil soared over 9% to $121.30/barrel. WTI is near its highest close since the war started, which was $113, while Brent hit a new high, taking out its prior high close near $113 from March 30. Gasoline futu
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