US oil inventory rose 1.6m barrels, WTI stays in consolidation

<p>US commercial crude oil inventories rose 1.6m barrels in the week ending March 20, below expectation of 2.9m. At 455.4m barrels, oil inventories are about 3% below the five year average for this time of year. WTI crude oil continues to stay in tight range above 20.40 temporary low after the release. More sideway consolidation […]</p>
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