This is not a short term dip. At minimum this a correction which could continue for multiweek. However oil should stabilise in 55$-65$ range.
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Commodity Central 
Reputation: 6,313 • Dec 3, 2021 12:44 AM
grahamite in MCX-CRUDEOIL#CRUDEOIL Oil Double top formation in progress.
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MCX:CRUDEOIL 17DEC2021 price when posted: 4,923