Crude oil advanced on falling US stockpiles

Source: Forexpros
Crude oil futures eased up in Asian session on Wednesday after the American Petroleum Institute announced that US oil supplies declined by 1.6 million barrels last week. Moreover, stronger than initially expected performance of the US services sector stimulated price increase. Light, sweet crude oil futures for July delivery traded at 84.42 US Dollars per barrel on the New York Mercantile Exchange, surging by 0.15% from the previous session's high of 84.46 US Dollars per barrel.

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