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1557347549854748700
Thu, 2019-05-09 23:34
LONDON: Oil futures gained on Wednesday, boosted by a surprise drawdown in US crude stockpiles, but an escalating US-Chinese trade fight limited oil’s gains as investors worried about the global outlook for energy demand.
Brent crude futures rose 44 cents to $70.32 a barrel, while West Texas Intermediate (WTI) crude futures rose 57 cents to $61.97 a barrel, a 0.9 percent gain.
US crude inventories fell by 4 million barrels in the week to May 3, the Energy Information Administration said. Analysts had expected an increase of 1.2 million barrels.
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