US Crude Inventory Fell for the First Time in 4 Months

Crude oil retreated in Asian Thursday, after rallying to new 2015 highs amidst US inventory surprisingly declined last week. The front-month contract for WTI crude oil rose to as high as 62.85 before ending the day at 60.93, up +0.88%. Failing to test 70, the Brent crude contract soared to as high as 69.63 before settling at 67.77, up +0.37%.

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US Crude Inventory Fell for the First Time in 4 Months