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Oil settled mixed as lower US crude stock balance cloudy outlookOil settled mixed as lower US crude stock balance cloudy outlook |
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International benchmarks for crude oil settled mixed on Thursday, 28 July 2022 as lower US crude inventories counterbalance the growing fear of a global economic recession. The market juggled between the data showing an 8.5% rebound in gasoline demand in the US last week and the country’s economy unexpectedly contracted in the second quarter.
Brent rose 52 cents to close at $107.14/barrel.
WTI loses 84 cents to close at $96.42/barrel.
