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Will Oil Shift to a Higher Gear?

Robert Scott
Will Oil Shift to a Higher Gear?

Will Oil Shift to a Higher Gear?## Oil pricesOn January 7, US crude oil February futures rose 1.2% and settled at $48.52 per barrel—the highest closing level for active US crude oil futures since December 17. The Energy Select Sector SPDR ETF (XLE) rose 1.5% on the same day. Until January 11, the closing