Oil advanced on US inventories reportsOil advanced on US inventories reports |
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International benchmarks for crude oil cautiously moved higher on Wednesday, 26 May 2021 after reports from the EIA that showed a drop of 1.7 million barrels in the US crude inventories by the week ending 21 May 2021.
Brent gained 22 cents to $68.87/barrel.
WTI settled 14 cents higher at $66.21/barrel.