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Crude oil price climbed on WednesdayCrude oil price climbed on Wednesday |
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Crude oil price ended Wednesday (27 Jan) trade at higher level on DoE report of lower crude oil production rate in the US and a drop in distillate fuel inventory. However, the positive market is still under pressure as crude inventory in the US has reached a record high level despite lower production rate.
WTI closed at $32.30/b (+$0.85/b)
Brent closed at $33.1/b (+$1.30/b)
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