Oil Futures Rally to $61.83 Despite 3.4M-Barrel U.S. Inventory Build

BNOBNO

Crude oil futures climbed to $61.83 as rising Iran tensions offset a 3.4 million-barrel increase in U.S. inventories and reports of returning supply from Libya and Kazakhstan, boosting prospects for Brent-tracking ETF BNO. Divergent outlooks on geopolitical risk and supplies could drive volatility in the fund.

Sources

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