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Crude oil corrects from 5-month highs on bearish IMF and Inventories reports

Exclusive Capital Ltd.

WTI and Brent oil contracts trade lower by -0.60% at $64 and $71.20 per barrel respectively during the start of the Thursday’s US trading session, slightly lower from their recent highest prices of $64.70 and $71.80 amid the news of escalating civil war in the oil-rich Libya which might threat an oil production of 1.1 million barrels per day.

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Source: https://www.exclusivecapital.com/crude-oil-corrects-from-5-month-highs-on-bearish-imf-and-inventories-reports/
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