Tag: Inventory Figures
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Oil prices rise despite bearish inventory figures
Oil prices rose nearly one per cent on Thursday on track for a fourth straight day of gains, but analysts remained cautious about record-high U.S. crude inventories. Brent crude futures gained 43 cents or 0.8 per cent to 54.80 dollars a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 0.9 per cent or 47…