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NEW YORK (Reuters) - U.S. crude oil production is expected to fall by 600,000 barrels per day (bpd) in 2020 to 11.63 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, a smaller decline than the 670,000 bpd it forecast previously.
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(FX STREET) DAILY NOTION - WTI hovers near 10-day SMA, risks skewed to the downside on rising US inventories
The West Texas Intermediate (WTI) crude, a North American oil benchmark, is trading in a sideways manner around the 10-day Simple Moving Average (SMA) of $45.50, having traded back and forth in the range of $45.14 to $45.93 on Tuesday, forming an indecisive Doji candle on the daily chart. The immedi
