WTI Crude oil prices are pressing up against a critical level, $98 per barrel. It is the line in the sand, prior to a run to $100. Crude is rising even as the IEA lowered its 2013 demand outlook, which was in contrast to the rise seen by OPEC and the US EIA.Some support is coming from last night’s weekly inventory report from the API, which was bullish, showing drawdowns in all three main categories, crude, gasoline, and distillate fuels.
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