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Oil retreats with US stockpile crushing bullish bets for now

https://www.fxstreet.com/news/oil-dips-as-massive-surge-in-us-inventories-offsets-bullish-sentiment-202403271132
Oil prices are retreating on Wednesday, with traders gasping for air after seeing the overnight print from the American Petroleum Institute (API), which saw a massive 9.337 million build-up in US stockpiles. A number not to ignore as it means that…

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