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3 Reasons: To buy oil
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Saxo Bank's Head of Commodity Strategy Ole Hansen gives us three reasons for investors to buy oil as demand for gasoline in the US picks up.
WTI crude hit a three week high as refinery demand increased and while today's inventory report is likely to show yet another rise in supply, the extra demand may help to drain the glut that's pushed down prices for the last year and a half.
The US inventory report is due out at 1630 CET.