Oil Prices Rebounded as Gasoline Inventory Sharply Lowered

Crude oil prices rebounded on better-than-expected inventory report. The front-month WTI contract rose for the first time in 3 days, settling at 40.83 and up +3.34%, while the Brent contract added +3.11% to close at 43.1. Strong crude oil prices led the gains in equities. Precious metals retreated with the benchmark Comex contract slipping -0.61%...

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Oil Prices Rebounded as Gasoline Inventory Sharply Lowered