WTI crude soars as U.S. inventory decline

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
WTI crude gained after U.S. crude stocks decreased for a second straight week. Crude for August settlement climbed 1.6% to $105.17 a barrel as of 9:49 a.m. on the New York Stock Exchange, after reached $105.62, the 14-month high. The market is into backwardation, futures for later deliveries are becoming less expensive compared to those with closer expiration.
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