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Oil prices inch higher on Thursday
Aug. 22, 2019
Source: Reuters

Oil prices inch higher on Thursday

Oil prices went up on Thursday after the drop in US crude inventories. But the gains were capped by the economic slowdown concerns and an increase in U.S. refined product stocks. Brent went up by 0.1%, to $60.36 a barrel. WTI increased by 0.2%, to $55.78 per barrel. Though there has been a decline in US crude inventories last week, the gasoline and distillate stockpiles have shown a substantial rise.

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