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Crude Oil Prices Struggle to Hold Gains as Stimulus Enthusiasm Fades
CRUDE OIL PRICE OUTLOOK:
WTI climbed half a percent on Tuesday as the House voted to increase stimulus checks to $2,000
A slight pullback in the US Dollar alongside favorable sentiment buoyed oil prices
Traders anticipate 1.7 million-barrel draw in stockpiles from EIA report to be released on Wednesday
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Crude oil prices regained some strength on Tuesday as the US Dollar retreated, but overall momentum remains weak from a technical perspective. Traders are eyeing a potentially larger stimulus check amount after the House of Representatives voted to raise pandemic relief payments to $2,000 from $ 600. The proposal is now pending Senate approval. ....

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