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On Tuesday, crude prices held early revenues in Asia with figures on American inventories later in the day supposed to set the market tone in thin regional trade with financial markets in Hong Kong, China India and Taiwan closed for holidays.
In New York, May delivery crude futures ascended 0.08%, being worth $50.328 a barrel. In London, Brent futures soared 0.06%, reaching $53.15 a barrel.
Late on Tuesday, the American Petroleum Institute will issue its estimates of crude stocks at the end of the previous week. The figures are going to be followed on Wednesday by official data from the US Energy Information Administration. Experts expect crude inventories to sag by 530,000 barrels at the end of the previous week, with distillates down by approximately 1.12 million barrels as well as gasoline supplies demonstrating a 1.462 million barrels dip.
Overnight, oil settled lower, as traders fret over surging American shale output while a rebound in Libyan crude output weighed on market sentiment.
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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