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Crude Oil Steady Despite Rise In Weekly Inventories

Crude oil prices are trading over one percent, brushing aside the unexpected rise in weekly stockpiles.

Spot price of WTI crude oil is trading just a few points above the 40.00 handle, nearing the 41.00 level.

Price action so far is signaling further upside based on the ascending triangle pattern.

A continuation to the upside will see oil prices targeting a minimum of 46.50 at the very least.

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