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Crude oil is are near a “clear inflection point” after a selloff pulled the U.S. oil benchmark back below $100 a barrel, a technical analyst said Wednesday, leaving prices on the cusp of a move that could have implications for Federal Reserve policy makers as investors grapple with another hotter-than-expected inflation reading.
“The Oil/Energy trade has been central to the post-pandemic events, most especially inflation. It would stand to reason the unraveling of the Energy uptrend would be equally central to a decline in…
