Oil markets have flattened since the beginning of July. Traders have retreated from the fray, hoping for a trend that never seems to show up, while problems have begun to mass against the desolate background. The subdued volatility in trading, while holding prices steady, has dampened the market's appetite for oil exposure and risky assets, and both Brent and Nymex West Texas Intermediate (WTI) prices have struggled to break through key resistance levels this week.
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