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Oil rises after Saudi output pledge, declining US inventories

Updated : February 13, 2019 10:30 PM IST

On Tuesday, the American Petroleum Institute (API) said US crude inventories fell by 998,000 barrels in the latest week, trouncing forecasts by analysts in a Reuters poll for a rise of 2.7 million barrels.
The US Energy Information Administration (EIA) is scheduled to release its weekly data at 10:30 a.m. EST (1530 GMT) on Wednesday.
Oil rises after Saudi output pledge, declining US inventories
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