Crude oil prices recovered in early Asia on Thursday as U.S. Energy Information Administration (EIA) said in its monthly Short-Term Energy Outlook report that it expects global crude demand to increase in the fourth quarter of 2022 and the first quarter of 2023. This rebound comes following a sharp decline in the previous session after API reported a surprise crude build in the previous week. The American Petroleum Institute (API) reported a build this week for crude oil of 3.645 million barrels. WTI crude oil futures were currently quoting higher by close to 1% at $82.67 following slump if more than 7% in the previous session. Powered by Commodity Insights
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