Crude oil continues to find ways to strengthen. Despite the end of Kuwait labor strike and increase in US crude inventory, both crude benchmarks rallied further with the front-month Brent contract surging to a 5-month high of 45.88 before ending the day at 45.8, up +4.02%. The WTI contract also rose to as high as 42.91 before ending the day at 42.63. up +3.77%.
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Crude OIl Clings on to Gains as US Output Fell
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