Oil edges higher as Greenback losses strength

Note: This section contains information in English only.
Source: WBP Online
Futures for oil rose, erasing the morning losses amid the weaker US Dollar and fresh inventory data ahead in the day. Crude prices sharply fell on Wednesday after the PBoC devalued the Yuan for a second day, deteriorating China's purchasing power for oil. However, oil prices recovered after the US Dollar lost its strength. WTI jumped 0.79% at $43.42, while Brent futures rose 0.72% at $50.09 by 09:34 AM GMT. 
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