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Crude Oil Recovered after Sharp Fall on Mixed Inventory Report

In the commodity sector, crude oil prices initially plunged but then recovered after the oil inventory report. The WTI contract for June delivery initially slumped to a 2-week low of 92.13, before settling at 94.3, up +0.1% while the Brent crude contract rebounded to 102.6 after slipping to as low as 101.2 earlier in the day.

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Crude Oil Recovered after Sharp Fall on Mixed Inventory Report

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