West TX Oil Rallies to Above $82

U.S. crude futures stood little changed above $81 a barrel on Wednesday after industry data showed a rise in U.S. crude inventories that was in line with expectations.

NYMEX crude for December delivery was up 7 cents at $81.49 a barrel by 0000 GMT, after settling up 42 cents at $81.42 on Tuesday on the back of a weak dollar and firm U.S. equities.

The benchmark contract recovered some ground after hitting a more than two-year low of $79.44 on Monday following Goldman Sachs’ cut in its price forecast due to higher projected supplies.


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