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Petrol News

Oil futures stabilized during the Asian session after yesterday pointed straight losses. Investors are awaiting data on crude oil stocks in the US. Crude for delivery in July rose by 0.5% and is trading around 57.80 dollars per barrel. Late yesterday, the American Petroleum Institute (API) announced a surprise increase of 1.3 million. Barrels in inventories for the previous week. Official figures of Energy Information Administration (EIA) is scheduled for 18:00. Today and is forecast to decline by 1.5 million. Barrels.