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Oil market extended uptrend after positive US inventory reportOil market extended uptrend after positive US inventory report |
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International benchmarks for crude oil extended the uptrend on Wednesday, 29 December 2021 following a report from the EIA that showed a 3.6 million barrels drop in the US commercial stock last week, further easing concerns about Omicron reducing demand.
Brent added 29 cents to close at $79.23/barrel.
WTI increased 58 cents to close at $76.56/barrel.
