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Category: Oil

Oil price tags rally as U.S. crude supplies put up a weekly decline and Hurricane Sally curtails production

September 16, 2020 Oil
Oil futures rallied on Wednesday, with U.S. rates ending above forty dolars a barrel following U.S. government information which demonstrated an unexpectedly big weekly decline of U.S. crude inventories, while production curtailments in the Gulf of Mexico triggered by Hurricane Sally worsened. U.S. crude inventories fell by 4.4 million barrels…

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