Crude oil increased despite elevated US inventories

Note: This section contains information in English only.
Source: Forexpros
Crude oil prices inched up during Asia session on Thursday, after losses caused by unexpected increase in the US crude oil stockpiles coupled with demand uncertainties from the indebted Euro Zone.  Light, sweet crude oil futures for June delivery traded at 103.25 US Dollars per barrel on the New York Mercantile Exchange as compared to the previous session's low of 103.15 US Dollars per barrel.

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