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Oil jumped higher on US crude inventory reportOil jumped higher on US crude inventory report |
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International benchmarks for crude oil climbed higher on Wednesday, 28 July 2021 after a report from the Energy Information Agency (EIA) showed a large drop in both crude and gasoline stocks in the US last week, signaling healthy demand conditions.
Brent for September delivery gained 26 cents to $74.74/barrel.
WTI for September settlement rose 74 cents to $72.39/barrel.
