Crude is at crucial juncture ahead of weekly inventory report.

WTI is trading at key support level, both technical and psychological at $50/barrel. Today's inventory report from US Energy Information Administration (EIA), to be released at 14:30 GMT.

American Petroleum Institute (API) report showed that this week inventory rose by 2.3 million barrels, after a drop of 7.3 million barrels last week.

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