The oil market is on fire once again. On Thursday, crude spiked above $74 a barrel for the first time since late 2014.
The 13% surge over the past week has been driven by a confluence of bullish factors that will make American drivers cringe when they fill up their gas tanks.
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Oil prices pushed up yesterday supported by a drop in U.S. commercial crude inventories, according to report by the American Petroleum Institute (API). U.S.
crude inventories fell by 3 million barrels in the week to June 15 to 430.6 million barrels, according to the weekly API report. Brent …...
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