Crude Strengthens by Equity Rally and Inventory Decline
BonTradeCrude oil gained on Wednesday as driven by rally in US stock markets and decline in oil inventory. The front-month contract for Brent crude soared +1.43% to settle at 73.75 while WTI crude added +0.04% and closed at 72.86. The launch of The United States Brent Oil Fund yesterday also helped boost Brent prices. Oil price strength remains in Asia today.
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Crude Strengthens by Equity Rally and Inventory Decline
