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 story : Oil futures gain, lifting U.S. prices back above a barrel #FinanceUSA #StockMarketNEWS Oil futures gained on Thursday, lifting U.S. prices back above a barrel to their highest finish since

@stockMarketNEWS 4 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Oil futures gain, lifting U.S. prices back above a barrel #FinanceUSA #StockMarketNEWS
Oil futures gained on Thursday, lifting U.S. prices back above a barrel to their highest finish since mid-October 2018. Prices traded higher as traders continued to digest data released Wednesday that showed a more than 5 million-barrel weekly decline in U.S. crude inventories, but also revealed a 7 million-barrel increase in gasoline stockpiles, along with a weekly decline in implied demand for the fuel. Oil prices briefly dropped toward the session low around the time news related to Iranian sanctions emerged on Thursday. The Wall Street Journal reported that the Biden administration lifted sanctions on some former Iranian officials and energy companies. West Texas Intermediate oil for July delivery rose 33 cents, or 0.5%, to settle at .29 a barrel on the New York Mercantile Exchange after trading as low as .68.


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