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IMF Warning and Hot Inflation Pull Investors Into Bullish Oil Bets as Price Holds $95

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BeInCrypto Editorial
(06:17 AM UTC)
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Verified byJames Mitchell
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The Brent crude oil price holds near $95 a barrel, climbing for a second straight week even after a 13% monthly drop, as an IMF warning on oil-driven inflation pulls investors back toward the long side.

Brent Oil Futures Price Chart: Investing.com

The clearest sign sits in options markets, where traders are buying calls against the falling month-on-month trend. Speculative funds and perpetual…

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