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Author: CharisCarslaw

  • Sentiment Lifted by Crude Oil Rebounds

    Unexpected decline in US crude inventory lifted energy prices, as well as the broader market sentiment. The front-month WTI crude oil recovered for a third day, gaining +3.76%, while the Brent contract rose for the first time in 6 days, adding +3.46% for the day. The WTI contract continues to trade above Brent contract, with the gap widening to US$0.14/bbl on Wednesday.

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    Sentiment Lifted by Crude Oil Rebounds