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US: EIA Crude Oil Stocks rise 3.256M in week of March 22

FXstreet.com (Barcelona) - In the week ending at March 22, crude oil stocks have risen 3.256M, beating consensus of 1.500M. In the previous week, data had dropped -1.314M.

Commodities Brief – Gold recovers 1600 mark, silver pares losses

Gold prices were looking to secure another daily loss as of European trading, however after rallying off a daily low in the 1592 region, the yellow metal surged ahead to regain the 1600 mark and even barrel higher towards USD $1607.23 per oz. at the time of writing. Having embattled Eurozone concerns earlier today, the focus now seems to have waned slightly following the retest of resistances at 1600 and 1607. A close above the 1600 mark will certainly allay a near-term outlook, which has pointed to the downside as of late.
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US Mar 22 EIA Crude Oil Stocks change rises to 3.256M vs -1.314M

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