Oil bounces back amid weaker Dollar and US oil reserves expectations

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Source: Reuters
Oil futures increased above 1% on the day to get back from the previous drops, supported by a weaker Dollar and the predictions that US crude stockpiles declined for a fourth week. Brent futures advanced 64 cents and traded at $64.36 a barrel, while WTI futures gained 68 cents to $58.71 a barrel. US oil inventories are anticipated to have fallen by 2 mil barrels in the last week.
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