Oil prices up slightly after industry data shows rise in U.S. crude inventories
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Oil prices increased slightly as industry data revealed a rise in U.S. crude inventories, with official figures pending.
February 20, 2025 | 1:00 pm
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The United States Brent Oil Fund (BNO) may experience a slight increase in value due to the rise in oil prices following the industry data showing increased U.S. crude inventories.
BNO is directly linked to oil prices, which have increased slightly due to the rise in U.S. crude inventories. This suggests a potential short-term positive impact on BNO's value.
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