
The chart shows daily swings in prices for Nymex-listed WTI crude futures.
Oil has bounced off the bullish trendline from July lows, reinforcing the broader upward trajectory.
On the higher side, the psychological level of $100 and the Sept. 15 high of $106.75 are key numbers to watch. A rally to these levels could add to inflation concerns, potentially weighing on risk assets.
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