REVIEW: West Texas Intermediate traded on the New York Mercantile Exchange spiked a significant 86 US cents, or almost 2% to US$44.24 per barrel on Tuesday, the best level in more than a week amid bargain hunting and first half “window dressing” activity.
It was the fourth consecutive session of gains for the black commodity, boosted further by investors’ speculation that crude inventories in the US may decrease.
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