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Published 2 years ago

Oil Rose Slightly as US Stockpiles Fell Slowly

Summary by Ground News
West Texas Intermediate futures gained 56 cents to regain $110 a barrel Wednesday. Crude inventories fell both nationally and at the storage hub in Cushing. Gulf Coast refiners pushed runs to their highest level since January 2020. US is leading a co-ordinated release of global crude reserves in an effort to tame rising energy prices.

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