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via seekingalpha.comMarkets

U.S. crude oil jumps on big inventory draw, potential shadow fleet sanctions relief

FROM THE WIRE · SEEKINGALPHA.COM

[Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.] SlavkoSereda/iStock via Getty Images Crude oil futures closed mixed on Thursday, with Brent ticking lower while WTI jumped…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA large inventory draw and possible easing of shadow fleet sanctions affect oil prices.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01U.S. crude inventories fell by 8.6 million barrels last week.
  2. 02The drop was the biggest since February and beat expectations of a small build.
  3. 03Reports say the administration is considering easing sanctions on the shadow tanker fleet.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Crude Oil WTICOMMODITY:WTICommodity95.90 USD-0.06%today -2.11%Positive Brent Crude Oil (continuous future)COMMODITY:BRENTCommodity105.39 USD-0.26%today -0.50%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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