Positive oil news was the key driver of the market. Energy prices jumped as US DOE/EIA recorded the first crude inventory decline in 2 months and Kuwait indicated that a output freeze deal can be reached even though Iran refuses to join. The front-month WTI contract soared +5.18% while the Brent contract gained +5.2. Heating oil rose for the first time in 4 days, jumping +6.11% at close.
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Oil Prices Soared as Inventory Declined and Hopes of Output Freeze Resurged
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