High-quality: WTI is taken into account a "light sweet" crude oil, that is easier to refine, even though Brent can be a combination of crude oils, which include both of those "light-weight sweet" and "major bitter" grades.
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“WTI and Brent might acquire a closer check out crucial resistance in the vicinity of $sixty five and $69, respectively. However, The important thing issue is whether or not now’s news marks peak optimism, supplied the reduced probability of an entire U.S. retreat from its stance on China,” the strategist noted.