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Oil prices rebounded but inventory data could trigger a new drop | Forex News Blog
Oil prices were rebounding on Friday, even amid signals of another big build in U.S. crude stockpiles, with official supply data due later. West Texas Intermediate crude for February delivery CLG9, +2.26% rose $1.13, or 2.5%, to $45.73 a barrel, after the contract dropped 3.5% to $44.61 a barrel on Thursday. The global benchmark, February …