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ENERGY INFORMATION ADMINISTRATION (EIA)
U.S. crude oil stockpiles dropped sharply last week as refineries boosted operations to their highest since January 2020.
Today, oil extended its gain, climbing towards $75 a barrel to its highest since April 2019.
U.S. oil, West Texas Intermediate (WTI) oil futures is up 0.40%, currently trading $70.25 a barrel.
Investors' concerns strengthen over the pace at which the global economic recovery from COVID-19 overriding OPEC+ pledge to extend oil production cuts