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US crude oil inventories drop 900K barrels, demand up 4%

By Estefano Gomez

The tightening U.S. oil market may drive up WTI prices, impacting global energy policies and economic strategies amid rising demand. The post US crude oil inventories drop 900K barrels, demand up 4% appeared first on Crypto Briefing.

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Crude oil

Unrefined petroleum extracted from the ground; Brent and WTI are its main global price benchmarks.

Oil prices feed into fuel, transport and goods costs, and so into inflation.

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