Crude oil climbed higher as EIA reported a bigger-than-expected decline in US inventory. The front-month WTI crude oil contract added +1.55% while the Brent contract was up +1.76% for the day. The DOE/EIA reported that total crude oil and petroleum products stocks declined -10.18 mmb to 1325 mmb in the week ended July 14.
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US Oil Inventory Fell Last Week. ECB, BOJ Under Spotlight
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