Commodity prices remained on the upswing the week of April 25 as West Texas Intermediate (WTI) crude rose above $45 per barrel (/bbl) for the first time in 2016 as the US dollar is weakening, demand from China is improving, and supply-and-demand levels are balancing out. The American Petroleum Institute reported that crude stocks had fallen by more than 1 million bbl and the U.S. Energy Information Administration (EIA) reported that domestic crude production fell to its lowest level since October 2014.
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