July’s West Texas Intermediate (WTI) crude oil prices closed up 1.96%, with July RBOB gasoline prices also showing a 2.34% increase. The price climb comes after the weekly Energy Information Administration (EIA) report showed an unexpected plunge in crude inventories. Crude prices opened higher on Wednesday and continued the upward trend throughout the day, hitting a three-week high, with gasoline prices reaching a five-week high.
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Crude Oil Prices See Moderate Increases After Weekly EIA Report Shows Unexpected Drop in Inventories
By JamesUpdated:No Comments1 Min Read
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