Oil prices rise Wednesday after drop in U.S. inventories

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Oil prices rose on Wednesday after an industry report showed U.S. crude inventories last week fell more than analysts expected, bolstering hopes ...

Brent crude LCOc1 was up 67 cents or 1.5 per cent at $45.17 a barrel, by 1012 GMT, after falling around one per cent on Tuesday.West Texas Intermediate CLc1 oil was up 65 cents or 1.6 per cent at $42.26 a barrel, having dropped 0.8 per cent in the previous session.

 

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