WTI crude exceeds $50

WTI crude exceeds $50
# 26 May 2016 15:02 (UTC +04:00)

Brent crude went up $0.65 to close at $50.39 a barrel.

 

Thus, the WTI crude exceeded $50 for the first time since October 12, 2015.

 

The price of oil rose above $50 a barrel on Thursday as declines in U.S. oil inventories raised hopes the glutted market was inching toward a better balance.

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