Oil breaks $80 for the first time in nearly 4 months ...Middle East

$80 WTI is important both psychologically and technically. It hasn't been up here since November 7, when questions began about OPEC+ unity. OPEC has held it together so far and global growth has been strong so far this year.Technically, I would look to $81.46 next. That's the 50% retracement of the Sept-Dec range. This article was written by Adam Button at www.forexlive.com.

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