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Large Drop in US Fuel Inventories Drives Crude Higher

OIL

Crude is finding strength after the EIA reported a large weekly drop in US fuel inventories – crude stockpiles meanwhile rose.

  • The early jump in prices after the data release has failed to break above earlier session high’s.
  • Brent MAY 23 up 0% at 75.35$/bbl
  • WTI MAY 23 down 0% at 69.66$/bbl

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