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A Recovery in Equities and Lifts Crude to its Second Consecutive Daily Advance

Given the backdrop of confusion on direction and volatility that plagued the broader financial markets Tuesday, crudes price action through the session doesn’t seem so unusual. That being said, the general pace of risk appetite was highly unusual. Most investors are still holding off on taking major positions ahead of Friday’s EU Stress Test results for fear of being caught on the wrong side of a tidal wave of either risk appetite or aversion.