Bullish factors included :
(1) The weaker dollar, which encourages investment demand for commodities.
(2) the smaller-than-expected increase in weekly crude oil inventories (+950,000 bbl versus expectations of +1.5 million bbl), and
(3) the first increase in three months in the Jul China non-manufacturing index, which may keep demand strong in the world's second-largest crude oil consuming country.
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