CRUDE OIL EXTENDS GAINS AFTER US INVENTARY DROP | HOW CAN I BUY COMMODITIES ON MCX ? GET FREE TIPS ON MCXEXPERTTRADE

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Oil prices rose on Wednesday, with U.S. crude gaining for a seventh day, after an industry report showed a further drop in inventories and investors shrugged off worsening developments in the pandemic.

“U.S. shale producers’ response to the rally in oil represents the most significant near-term supply risk for oil,” said Stephen Innes, chief global market strategist at Axi.

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