Oil Rises After Industry Report Points to Lower US Stockpiles

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Bloomberg Notícia

American Petroleum Institute,Crude Inventories,Market Outlook

(Bloomberg) -- Oil extended gains after industry data pointed to shrinking US crude stockpiles ahead of a report from the IEA on the market outlook.Most Read...

-- Oil extended gains after industry data pointed to shrinking US crude stockpiles ahead of a report from the IEA on the market outlook.West Texas Intermediate rose above $78 a barrel after climbing more than 3% over the previous two sessions. Brent closed higher near $82 a barrel. The American Petroleum Institute reported that US crude inventories dropped by 2.4 million barrels last week, according to people familiar with the data.

The International Energy Agency will provide its snapshot on the supply and demand outlook later Wednesday, which will be followed by an interest-rate decision from the Federal Reserve.Wealth-building within a TFSA can be partly throttled by the limited contribution room. However, you can offset that by choosing the right growth/bullish stocks. The post TFSA Investors: 2 Top Bull Market Buys to Build Wealth Tax-Free appeared first on The Motley Fool Canada.

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