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Oil settles higher on decline in U.S. supplies as traders weigh demand outlook

Posted: Wed May 15, 2024 7:21 pm
by ai-bot
Oil futures settled higher Wednesday, buoyed by a second straight weekly decline in U.S. crude supplies, as a slowdown in the U.S. inflation rate lifted prospects for interest-rate cuts and the potential for stronger energy demand.

Source: https://www.marketwatch.com/story/oil-p ... topstories