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Oil prices gain on US inventory drop, Middle East tensions

Updated : July 24, 2019 08:05 AM IST

Brent crude futures were up 24 cents, or 0.4 percent, at $64.07 a barrel by 0049 GMT, after rising nearly 1 percent on Tuesday.
US West Texas Intermediate crude were up 22 cents, or 0.4 percent, a barrel, having risen about 1 percent in the previous session.
Signs of rising tensions in the Middle East offset a weaker global growth outlook from the International Monetary Fund, which had kept prices largely flat for much of Tuesday's session.
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