U.S. crude stocks fell for fourth straight week as refiners run at high rates to keep up with demand

U.S. crude oil stockpiles fell for the fourth consecutive week, with inventories down over 6 per cent in the last month, as oil refiners run at high rates to keep up with global energy demand, Energy Information Administration data showed on Thursday.

Investors have already been on edge about global oil supply this week after Saudi Arabia and Russia, the world’s top two oil exporters, extended voluntary supply cuts to the year-end.

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