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Oil is trading higher
This morning, New York futures for Brent rose by 0.73% to $ 52.41 and crude oil futures for WTI rose in price by 1.17% to $ 51.3 per barrel. Thus, the black gold is trading in the green zone on the background of limited supply in the US market. Energy Information Administration (EIA) reported yesterday that distillate inventories fell by 3.7 million barrels to 157.0 million, while gasoline inventories down 1.9 million barrels to 225.5 million barrels.
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