U.S Crude Prices steadies after Energy Information Administration inventory report

Crude Prices moved back and forth after the report by the Energy Information Administration (EIA), showing an unexpected decline in crude stocks a week ago.

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Furthermore, the US crude has hit 4 week-high today while the bullish report from the EIA has helped underpin the prices.
The EIA weekly has shown fall of 2.5 million barrels in the week ended with August 12; comparing to forecasts of 0.3 M increase and to the previous area.

In addition, the dollar index last traded at 94.94, compared to the opening of 94.82; Intraday low at 94.75, and high at 95.07, after the index hit a seven-week trough yesterday at 94.43.

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