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Oil closes high despite negative US stock data |  Finance

Oil closes high despite negative US stock data | Finance

Future contracts Petroleum Closed High, A series extension of gains in the third positive close, still receiving support from relief Omigron variant Gives Govit-19.

Oil deal Brent In London in February, ICE rose 0.50% to US $ 75.82 per barrel, at the same time. WTI In January, it was up 0.43% at $ 72.36 a barrel on the New York Commodity Exchange. Oh DXY Dollar Code, Which usually has a negative correlation with the commodity, fell 0.45% to 95.940 points this Wednesday (8) afternoon.

Oil prices were active the previous day, but turned positive after US data on commodity stocks were released.

Crude oil reserves fell by 241,000 barrels in the week ended Friday (3), according to data from the Department of Energy.DoE) Contrary to consensus expectations, 1.3 million barrels fell from the United States. Shares Petrol, In turn, increased by 3.88 million barrels, an increase of 1.7 million units over the pre-consensus expectation.

Although the data are negative for prices, analysts point out that these increases may be related to improvements in the performance of refineries, as the installed capacity utilization rate has risen by 1 percentage point to 89.8%, the highest level since August. In addition, crude oil production in the United States renewed to a 19-month low of 11.7 million barrels per day.

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