Crude Trades Below 90 as Inventories Remains Ample, Egyptian Crisis Eases
BonTradeThe unrest in Egypt has created uncertainty and volatility in the commodity markets last week. While the real impact on supply is limited, oil prices rallied with the benchmark contract for Brent crude oil surging to as high as 103.37 on Thursday. WTI crude oil also rose to 92.84 earlier last week but price then reversed gains and settled below 90 on Friday as inventory gained more than expected.
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Crude Trades Below 90 as Inventories Remains Ample, Egyptian Crisis Eases
