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Oil dips on US crude inventories reports

Oil dips on US crude inventories reports



International benchmarks for crude oil edged lower on Wednesday, 9 June 2021 after a report from the EIA showed a drop in the US crude inventories, but gasoline stocks piled up, highlighting the weak demand for summer driving season.

Brent for August delivery settled unchanged at $72.22/barrel.

WTI slipped 9 cents to $69.96/barrel.