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Crude futures analysts highlight that crude futures

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Analysts highlight that crude futures could benefit from currency trends, as a weakening USD improves purchasing power for non-dollar buyers. WTI targets $80.00 if forex-driven flows sustain. Today's weekly EIA report was bearish for crude and products.  EIA crude inventories unexpectedly rose +1.79 million bbl versus expectations of a -50,000 bbl draw.  Also, EIA gasoline supplies unexpectedly rose +4.1 million bbl versus expectations of a -80,000 bbl draw.  In addition, EIA distillate stockpiles unexpectedly rose +578,000 bbl versus expectations of a -1.65 million bbl draw. The price development of WTI crude oil relative to Brent crude oil has been influenced by variances in U.S. crude oil transportation and increased U.S. oil production . New transportation infrastructure became operational in early 2013, easing the movement of crude oil in the mid-continent and raising the price of WTI. Since then, U.S. refineries have increased production of crude oil to record levels, also raising the price of WTI. Meanwhile, expedited crude transport in the U.S. put downward pressure on Brent crude oil as domestic crude replaced some imported Brent crude. Between 2014 and 2016, UK Brent prices dropped rapidly, as was the case for all other crude oils. Crude futures received support from stronger refinery runs in Asia. WTI settled at $79.20, Brent at $83.40, as traders model Q3 margins expecting gasoline cracks to remain firm.