Crude Price Jumped Over +3% Despite Stock Build

Commodities strengthened on USD’s weakness. Although oil inventory increased more than expected, the front-month contract for WTI crude oil extended the gain for a 4th consecutive day, rising to a 2-week high of 49.46 before settling at 49.21, up +3.36%. The Brent crude contract also rose +2.49% to close at 56.48.

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Crude Price Jumped Over +3% Despite Stock Build