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rising Covid cases pressure crude

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摘要

Crude prices eased from recent highs as Covid-19 cases climbed globally, but posi- tive economic data from China stemmed losses, keeping benchmarks above $50/bl. International benchmark Ice Brent softened by 91c/bl to $54.75/bl in the week to 18 January, while US marker light sweet WTI closed at $52.36/bl on 15 January. US crude inventories fell by 3.2mn bl to about 482mn bl in the week to 8?January,?EIA?data?show,?as?refners?raised?utilisation?rates?amid?frmer?gasoline and diesel margins, adding further support.
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