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Crude Oil Futures Strengthen on Declining U.S. Inventory

U.S. crude stockpiles fell, lending support to oil futures prices in global markets.

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Terms & Concepts
  • Crude Oil Futures: Contracts to buy or sell crude oil at a predetermined price on a set future date, used for hedging or speculation.
  • U.S. Crude Inventory: The measured stockpile of crude oil in the United States, reported weekly and influencing energy market prices.