After dipping on news of another U.S. inventory build, crude oil prices rebounded after Senate voted to pass a debt ceiling bill that ended fears of a U.S. debt default. Following the news about the bill, crude oil prices added 3% by the end of trade on Thursday and were still climbing at the time of writing, with Brent crude moving closer to $75 per barrel and West Texas Intermediate at $70.
76 per barrel. Default fears were the major factor pressuring oil prices over the past couple of weeks as Democrats and Republicans appeared unable to come…Oil Prices Jump After Senate Passes Debt Ceiling Bill
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