Crude Price Dropped as US Inventory Soared. RNBZ Higher Rates For Another Month

Crude oil declined as the increase in US oil inventory was much higher than expected. Moreover, disappointing US housing data also weakened sentiment. The front-month contract for WTI crude oil slipped to a 2-week low of 101.2 before settling at 101.44, down -0.30% while the Brent crude contract lost -0.15% during the day.

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Crude Price Dropped as US Inventory Soared. RNBZ Higher Rates For Another Month