Weekly Fundamentals - Energy Prices Jumped on Lower US Inventory and Output

Despite the retreat from 2015 high on Friday, crude oil still recorded lucrative gains on weekly basis on lower US oil production, less-than-expected increase in US inventory and ongoing conflict in Yemen. North Dakota, a key region for US shale oil boom, saw decline in oil production for the 2nd consecutive month in February.

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Weekly Fundamentals - Energy Prices Jumped on Lower US Inventory and Output