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Oil holds gain with stockpile data and Iran sanctions in focus
short by Usha Kunji / on Wednesday, 24 April, 2024
Oil held a gain as a report showed lower US crude stockpiles, and traders weighed the possible fallout from fresh sanctions on Iran. Brent was steady above $88 a barrel after climbing 1.6% on Tuesday, while West Texas Intermediate was near $83.The API reported nationwide crude inventories fell by 3.2-million barrels last week, according to people familiar with the data.
read more at NDTV Profit