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U.S. crude oil inventories unexpectedly rose as imports increased and exports fell, raising doubts about demand strength. WTI fell 1.4% to $82.13, Brent dropped 1.3% to $87.86, pressured by rising st…
Crude oil fell below $83, snapping a five-day gain as markets weighed Strait of Hormuz tensions, US-Iran deadlock, and a surprise 17.4M barrel US inventory build, despite IEA warning of a 1.8M bpd su…
US crude inventories rose 2.5 million barrels, above expectations, while gasoline and distillate stocks fell. Oil prices attempted to stabilize after Tuesday's selloff tied to peace deal talks, thoug…