Crude oil prices today started trade with a gain after the American Petroleum Institute reported a draw in inventories and OPEC reiterated its demand growth forecast. Brent crude traded above $82 per barrel in mid-morning trade in Asia, with West Texas Intermediate topping $78 per barrel after OPEC repeated it expected global oil demand to expand by 2.25 million barrels daily this year. The forecast was accompanied by a prediction of stronger than previously expected economic growth. “While some downside risks persist,…
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