Crude oil prices reversed losses and ended the day higher as DOE/EIA showed decline in US crude inventory and the dovish Fed tamed early tightening speculations. The front-month contract for WTI crude oil gained +0.97%. The Brent crude contract climbed higher for the first time in 6 day and settled +1.95% higher. Gold steadied and settle below US$ 1200/oz.
Excerpt from:
Crude Prices Recovered as Inventory Drew and FOMC Statement Remained Dovish
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