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Commodity: Oil prices vary little in early trading on Wednesday

12/04/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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A After industry data showed an unexpected increase in crude oil and gasoline inventories in the United States, oil prices changed little eacute; in the first exchanges on Wednesday.

US crude futures have fallen into a deposition situation, while the first-month contract is trading 6 cents more than the second-month contract. The US West Texas Intermediate fell 6 cents to $81.48 per barrel and Brent fell 5 cents to $85.57 per barrel at 0029 GMT. Prices rose by around 2% on Tuesday amid hopes that the Federal Reserve could slow its policy tightening after the release of U.S. consumer price data on Wednesday.

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