Crude Oil Near Key Support as Low Inventories Could Fuel Demand

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Crude Oil Near Key Support as Low Inventories Could Fuel DemandCrude Oil FuturesNYMEX_DL:CL1!ew-forecastUS oil inventories remain relatively low by historical standards. If crude oil continues to decline, lower prices could encourage SPR replenishment, as officials have previously indicated interest in buying at lower prices, while also supporting stronger commercial demand. That gap from March 1st near 67 remains the first major downside level to watch. Grega