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Tag Archives: U.S. oil inventories data

Brent inches up above $50 ahead of U.S. oil stocks data

SINGAPORE – Benchmark Brent crude oil prices inched up just above a key support level of $50 on Wednesday, recovering from multi-month lows, as investors await U.S. oil inventories data to gauge supply. Oil markets paused for a breather after prices tumbled about 20 percent in July because of a supply glut. OPEC continued to pump at record rates in ...

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