US Crude Oil stocks rose less than expected this week.
China saw an uptick in Crude Oil demand.
Market shrugs off more productive US Crude Oil well efficiency.
West Texas Intermediate (WTI) fell towards $77.60 per barrel early Thursday before a firm rally in the US trading session dragged US Crude Oil back into the high end for the day. US Crude Oil supplies rose less than expected this week, and a drawdown in US gasoline reserves is propping up hopes of demand outrunning supply.
China’s Crude Oil imports rose over 5% in January and February according to Chinese government data published on Thursday. The Lunar New Year holiday saw Chinese demand for fuel surge as holiday travel bolstered consumption
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