UAE News Indicators of growing demand raise Brent crude by 5%, the UAE

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Emirates News Emirates News Indicators of growing demand raise Brent crude by 5%.

Emirates News Today, oil prices rose yesterday with the strengthening of optimism about the return of demand for crude after a report from the International Energy Agency, followed by US inventory data. Brent crude futures increased 5% to $ 66.90 a barrel to $ 66.37 a barrel during trading, and US West Texas Intermediate crude futures advanced $ 2.78, or 4.6%, recording $ 62.96. US crude inventories fell by 5.9 million barrels last week, while analysts expected them to decline by only 2.9 million barrels, and East Coast stocks recorded a record low.

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