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Market Impact: 0.35
Oil Futures Snap 5-day Losing Streak
Source: Nasdaq
Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & War
Oil prices rebounded on Wednesday after a five-day losing streak, despite an unexpected sharp increase in U.S. crude inventories. Persistent uncertainty over a potential resolution to the U.S.-Iran conflict supported prices, offsetting the bearish inventory signal.
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