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Oil rises on US crude draws, tight global supply
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Oil prices rose in early Asian trade on Thursday after surging to the highest settlement in 2023 in the previous session as a steep drop in U.S. crude stocks added to worries of tight global supplies.
Brent crude futures climbed 16 cents to $96.71 a barrel by 0001 GMT.
U.S. West Texas Intermediate crude futures (WTI) rose 20 cents to $93.88.
U.S.
crude stocks fell by 2.2 million barrels last week to 416.3 million barrels, government data showed, far exceeding the 320,000-barrel drop analysts expected in a Reuters poll. [EIA/S]
Crude stocks at the Cushing, Oklahoma, storage hub, delivery point for U.S.
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