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Rich Asplund

BIZARRE: Crude prices jump on the outlook for additional china stimulus - You Need To See This

Oil United States China Nymex Natural Gas

July WTI crude oil (CLN23) this morning is up +2.02 (+3.01%), and July RBOB gasoline (RBN23) is up +6.71 (+2.70%).  July Nymex natural gas (NGN23) is up +0.072 (+3.18%).

Crude oil and gasoline prices this morning are sharply higher.  A slump in the dollar index today to a 3-week low is bullish for energy prices.  Also, the outlook for China to boost its stimulus measures is supportive for economic growth and energy demand.

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