News floods in as oil prices experience a brief, high-volatility N-shaped pattern
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Golden Ten Data reported on April 22 that both WTI and Brent crude oil showed an N-shaped move with a fluctuation of more than $4 during the half hour from 3:35 to 4:05 (GMT+8). Oil prices surged when news came that US and Iranian representatives canceled their trip to Pakistan, and then pared those gains after Trump announced an extension to the ceasefire agreement. Currently, WTI and Brent crude oil are maintaining an intraday gain of around 5%.
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