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It feels like forever since WTI crude hit $120 in June with it sitting around $75 a barrel today. Oil continues its plunged towards its lowest levels of 2021, but this weakness could be getting close to lows says Money Morning trader Garrett Baldwin, who sees lows closer to $70.

This presents a huge opportunity and oil markets could see a turnaround with the OPEC meeting the day before sanctions on Russian oil and Biden's recent move to ease oil restrictions in Venezuela for Chevron.

Video Length: 00:03:17

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