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Stating that the fundamental factors do not support higher oil prices, Emkay Wealth Management, the wealth management arm of Emkay Global Financial Services, said that the Crude is likely to continue trading in a broad range of $75-80/bbl.
Oil prices extended gains after settlement on Thursday, rising by more than $1 on a report that Iran is preparing to attack Israel from Iraqi territory in the coming days. WTI crude oil futures jumped $1.