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US crude inventory fall buoys oil, worries about rally persist

“The lower draw in crude oil stocks, combined with the strong builds in product stocks is bearish news for prices” reports foxbusiness.com. U.S. crude oil production is expected to hit 10 million bpd next month, leaving only Russia and Saudi Arabia at higher levels.A broad, global market rally, including stocks, has also been fueling investment into crude oil futures.
 
Source: foxbusiness.com



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