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- In the Nick of Time?.. Maybe?..Happy Friday! WTI whipsawed all week, spiking early and again midweek before falling back hard on Friday from surprise reserve releases out of Europe and the IEA. Monday, oil opened 3% higher after Trump rejected a weekend peace proposal from Iran that would have fully reopened the Strait with no restrictions in exchange for ending… Read more: In the Nick of Time?.. Maybe?..