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Oil Prices Rise But Restrained by US Debt Ceiling Drama

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Published:
Wed, May 24, 2023
Author
Frans Koster, New York
Editor
Chris Raine
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Gagarin Iurii/Shutterstock

Oil futures continued to climb on Wednesday but settled below their session highs as debt ceiling drama in the US grappled with bullish momentum from a considerable drop in petroleum inventories.

Topics:
Oil Futures and Derivatives, Oil Prices, Oil Inventories, Oil Demand, Oil Supply, Oil Products, Gasoline
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