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US Crude Soars as IEA Predicts Tighter Oil Market

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Aug 11, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    US crude has posted sharp gains on Thursday, rebounding from losses seen on Wednesday. In the North American session, WTI/USD futures are trading at $43.19. Brent crude has improved to $45.61, as the Brent premium has widened to $2.42. Crude responded positively to an IEA (International Energy Agency) report that[​IMG]

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