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Oil Futures Close Thursday on Mixed Note

M. Ali 22 January, 2021 3:07 am Commodities, Market Update

Oil prices showed a mixed performance on Thursday, following the release of the American Petroleum Institute’s (API) weekly report that showed an unexpected rise in crude inventories in the United States.

Accordingly, the U.S. benchmark West Texas Intermediate (WTI) crude futures for March delivery declined by 18 cents, or 0.3%, to close at $53.13 per barrel.

Meanwhile, Brent crude futures for March delivery rose by 2 cents and finished nearly unchanged at $56.10 per barrel.

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