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Wednesday, October 26, 2016

Oil Rebounds On Surprise Inventory Drop


INO.com Traders Blog http://ift.tt/2dKVaRX Hello MarketClub members everywhere. Oil prices rebounded briefly above $50 a barrel today after government data showed a surprise drop in U.S. crude inventories, offsetting skepticism over OPEC's planned output cut. Oil prices had fallen earlier on the back of bearish supply data from the American Petroleum Institute. U.S. commercial crude stockpiles fell by 553,000 […]

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