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OPEC Secretary-General Al Ghias is speaking and says:
The price of crude oil is back trading near $90. That’s up close to $2.36 on the day.
Looking at the hourly chart, the price is trading back above its 100 and 200 hour moving averages at the moment. The 200 hour moving averages at $90.01, while the 100 hour moving averages at $89.01.