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Oil rebounded following bullish US gasoline inventory reportOil rebounded following bullish US gasoline inventory report |
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International benchmarks for crude oil rebounded from two consecutive sessions of decline on Thursday, 5 January 2023 after the Energy Information Administration reported a 346,000-barrel dropped in the US gasoline inventory last week, indicating a return of demand.
Brent gained 85 cents or 1.1% to close at $78.69/barrel.
WTI added 83 cents or 1.2% to settle at $73.67/barrel.
