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Inventories and demand down as $40 becomes a target

A poor inventory report in the US has been the major impetus behind a sharp rise this week with s...

Hayden Lilienthal

Overnight benchmark U.S. crude closed US$1.66 higher at US$44.61 a barrel in regular trading on the New York Mercantile Exchange. At the current level, prices are still down about 10% from their record...

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