Oil prices posted modest gains in early Asia trade on Thursday, recovering from a multi-day slump as a sharper-than-expected draw in U.S. crude inventories revived bullish sentiment. However, concerns over potential disruptions to global trade flows ahead of an approaching tariff deadline kept traders cautious. EIA Inventory Report Lifts Oil Prices The U.S. Energy Information Administration reported a substantial 3.17 million-barrel decline in commercial crude inventories for the week ending July 19—nearly double analyst expectations. This…
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