Crude Oil prices advanced on Thursday after a reported
declines in US crude inventories that went beyond analyst expectations.
US WTI crude futures were up 0.4pc, at USD59.07/bl
in early morning, while Brent crude futures were up 0.2pc at USD69.59 per
barrel. They declined about 1pc in the previous session after falling as low as
Crude prices have advanced by ~30pc since the start of the year when OPEC and it allies cut production to lessen a global glut.
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