Crude Prices Soared as Stock Declined. FOMC Minutes Unveiled Discussions over Normalization

The front-month contract for WTI crude oil jumped to a 1-month high as US inventory surprisingly plummeted last week. The Brent crude contract also soared to the highest level in almost 2 months as Russia and China finally signed a gas deal.

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Crude Prices Soared as Stock Declined. FOMC Minutes Unveiled Discussions over Normalization