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Crude Oil Price Analysis – Oil Prices Eye Higher Levels as US Crude Inventories Fall and Refinery Runs Rise

Source: fxempire.com

Energy Markets & PricesCommodities & Raw MaterialsCommodity Futures
Crude Oil Price Analysis – Oil Prices Eye Higher Levels as US Crude Inventories Fall and Refinery Runs Rise

WTI is approaching $100 resistance after an 8.6 million-barrel inventory draw, while Brent is attracting buyers near $107. Recovering global oil supply is a counterweight to the bullish inventory signal.

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