Unexpected Decline in US Inventory Lent Support to Oil Price

<p>The front-month WTI crude oil contract strengthened to the highest level in more than a month. The WTI-Brent spread also narrowed to the level not seen since March 31. The recovery in WTI crude price was helped by the unexpected decline in US oil inventory. The report from the US Energy Information Administration (EIA) shows […]</p>
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