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Crude Oil in the USA rose by 0.7% on Wednesday.
In the early hours of the 19th in Peking time, the price of US WTI Crude Oil slightly increased on Wednesday. The market is assessing the impact of changes in US Crude Oil inventories and the Federal Reserve's 25 basis point interest rate cut. The January futures price for West Texas Intermediate (WIT) Crude Oil on the New York Commodity Exchange rose by 50 cents, an increase of 0.71%, closing at $70.58 per barrel. The February futures price for Brent Crude Oil on the Intercontinental Exchange in Europe rose by 20 cents, an increase of 0.27%, closing at $73.39 per barrel. The US Energy Information Administration (EIA) reported on Wednesday that as of the week ending December 13, US Crude Oil and distillate fuel inventories.
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Crude Oil in the USA closed up 1.8% on Friday and rose 6.1% this week.
In the early hours of the 14th, Beijing time, international crude oil prices rose on Friday, with USA WTI crude oil recording its first increase since the end of November. The market is evaluating the future supply and demand outlook for the crude oil market. The February delivery Brent crude oil futures price on the European Intercontinental Exchange increased by 1.08 dollars, a rise of 1.47%, closing at 74.49 dollars per barrel. The January delivery West Texas Intermediate (WTI) crude oil futures price on the New York Commodity Exchange rose by 1.27 dollars, an increase of 1.81%, closing at 71.29 dollars per barrel, the highest since November 7. WTI crude oil has cumulatively increased by more than 6.08% this week.
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