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Crude prices jump after an unexpected drop in inventories.

Top Daily News


Oil futures soared past $45 a barrel on Wednesday after a U.S. government report revealed an unexpected weekly drop in crude inventories and a ninth straight week of falling domestic production.  Oil prices have fluctuated in recent days as investors weighed the impact of production outages around the globe on the persistent surplus of crude.

The dollar turned lower against the euro and yen Wednesday as investors sold the greenback to lock in trading profits after an impressive streak of gains.