Crude oil jumped higher on lower US production outputCrude oil jumped higher on lower US production output |
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International benchmark for crude oil jumped substantially higher on Wednesday, 24 February 2021 after data from the US government showed a 10% dropped in production output of 1.1 million bpd to 9.7 million bpd in the week ending 19 February.
Brent closed at $67.04/barrel, up $1.67 or 2.49%.
WTI closed at $63.22/barrel, up $1.55 or 2.45%.