WTI Crude Price Soared as US Inventory Fell for the First Time in 11 Weeks

Crude oil prices climbed higher as US oil inventory surprisingly dropped after 10 consecutive gains. The front-month contract for WTI crude gained for a 4th straight day, rising to 1-month high of 97.58 before settling at 97.20, up +1.21%, while the Brent crude contract retreated after rising to a 2-month high of 113.02 earlier in the day.

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WTI Crude Price Soared as US Inventory Fell for the First Time in 11 Weeks