Crude oil prices jumped as the US dollar plunged on reduced Fed rate hike speculations. Investors also found the decline in US fuel storage constructive to prices, despite the massive buildup of crude inventory. Indeed, the collapse of oil prices since last July has caused some small US producers to shut down well. Some expected that further decline in prices would cut supply by as much as 2%.
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Crude Rose More than +2% despite Stock-build
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