market experienced a bit of a rally during Thursday's trading session but remains stuck in a range due to a lot of back-and-forth noisy behavior.The $82.50 level also appears to be a significant resistance barrier, and with the 200-Day EMA racing towards that area, it is likely to be even more resistant.
However, concerns about demand may weigh on the market as the global economy may start shrinking, leading to lower demand for oil.
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