U.S. Crude Futures Are Growing Increasingly Bullish ...Middle East

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U.S. Crude Futures Are Growing Increasingly Bullish
source : OILPRICE ( Middle East ) () 24
In yet another bullish indicator for U.S. oil markets, the price of  WTI crude oil futures for June settlement have notched $0.14 higher to settle at $102.19. The May contract, set to go off the market today, also gained slightly to settle at $102.75, good for a 0.19% increase. Once again, the crude markets recorded choppy trading despite bullish sentiment prevailing.  Weekly inventory data by the American Petroleum Institute (API) showed a much higher-than-expected drawdown of -8.02 million barrels against expectations for a 2.471 million…

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