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Oil prices climb after unexpected drop in US crude stocks - Reuters
Reuters | Oil prices climb after unexpected drop in US crude stocks Reuters “The reason that the inventories continue to drop at Cushing is because the market remains backwardated and therefore it's uneconomical to be storing crude,” said Andrew Lipow, president of Lipow Oil Associates in Houston, Texas. In a market structure ... Oil Prices Rise After EIA Reports Crude Draw Oil prices hit two-week high after US inventories drop Oil futures turn higher after crude inventories show unexpected decline |
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