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TradingKey·3 min read·medium

WTI Futures (USOIL-F) Is up 4.58% on Jul 29: Why It Happened

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WTI Futures (USOIL-F) Is up 4.58% on Jul 29: Why It Happened
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WTI crude oil futures rose by 4.58% following renewed geopolitical tensions in the Middle East and attacks on Saudi Arabian energy infrastructure. Market sentiment was further bolstered by a significant draw in U.S. domestic oil inventories.

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WTI Futures (USOIL-F) is up 4.58% at Jul 29 00:00(ET), now at $82.66, with a 7-day down of 4.35%.

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