Crude oil continues upward trend after US inventory drop
Wed, Jan 13, 2021 8:45 AM

Crude oil continues upward trend after US inventory drop

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Crude Oil prices increased on Wednesday, with U.S. crude gaining for the seventh day after an industry report suggested a further drop in inventories and investors shrugged off worsening developments in the pandemic. U.S. West Texas Intermediate (WTI) was up 40 cents, or 0.8%, at $53.61 a barrel by 0128 GMT after gaining nearly 2% on Tuesday.

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