Oil futures are little changed but face a possible technical correction after front-month WTI crude settled at its highest level since January overnight and front-month Brent at the highest in about five weeks. Still, the oil market is likely going to stay tight and, while China’s reopening has underwhelmed, it will do a lot better going forward, which should support crude prices, Edward Moya, senior market analyst at Oanda, says in an email. Front-month WTI futures are flat at $81.53/bbl; front-month Brent is flat at $85.64/bbl. (ronnie.harui@wsj.com)
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