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Crude Prices Rise With ECB Promise For Euro, Better US Economic Data

The WTI price settled at $89.39/B on 26 July following assurances provided by the president of the European Central Bank (ECB), Mario Draghi, that the bank would protect the euro. “Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. Believe me that will be enough,” he said at the Global Investment Conference in London. His comment...