Crude oil prices rise on consumer demand, inventory declines

Crude oil prices rise on consumer demand, inventory declines
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16.12.2021

MOSCOW (MRC) -- :Oil prices edged higher on Wednesday, rebounding from early losses after US inventory data showed strong consumer demand and as the Federal Reserve said it would end its pandemic-era bond purchases in March to slow rising inflation, reported Reuters.Prices had been pressured most of the day due to ongoing concerns that supply growth will outpace demand next year and worri

Full article at mrcplast.com

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