Crude oil futures advanced on falling inventories in the US

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Source: Forexpros

Crude oil futures advanced on Thursday as market sentiment improved on the sharp fall in US oil inventories that signal faster US recovery. US crude oil inventories declined by 10.6 million barrels, being the largest fall since 2001. Light, sweet crude oil futures for February delivery traded at USD99.40 a barrel during the morning session, on the New York Mercantile Exchange, gaining 0.73% since opening.

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