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Any stock that has tripled in a short time is subject to profit taking, which is only wise.
That might have been a cue for profit taking but crude has stayed strong on optimism about the global economy in the aftermath of the China PMIs this week and today's ISM services data.
Source: https://www.forexlive.com/news/oil-bulls-pounce-on-the-dip-sending-crude-3-higher-20230303/