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Futures Movers: Oil prices edge higher ahead of data on U.S. inflation, crude inventories – Vested Daily

Futures Movers: Oil prices edge higher ahead of data on U.S. inflation, crude inventories

April 12, 2023

Oil futures rose slightly Wednesday as investors awaited a closely watched round of U.S. inflation data and the latest official update on crude inventories after industry figures were said to show an increase in stocks.

The U.S. benchmark, West Texas intermediate crude, ended Tuesday at its highest since Jan. 23.