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CRUDE OIL LIVE UPDATE BY POWERCOMMODITY.COM

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(Oil firm on tighter U.S. outlook, but strategic reserve release caps market)

Oil prices held firm on Tuesday, with U.S. fuel markets seen to be tightening, although the release of crude from the American strategic reserve somewhat offset an expected supply cut due to upcoming sanctions against Iran.
Traders said U.S. markets were lifted by a tightening outlook for fuel markets in the coming months.Inventories in the United States for refined products such as diesel and heating oil for this time of year are at their lowest in four years.

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