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Oil prices rise after US crude stocks draw

Updated : August 22, 2019 08:04 AM IST

Brent crude futures climbed 27 cents, or 0.5 percent, to $60.57 a barrel by 0051 GMT on Thursday.
West Texas Intermediate (WTI) crude futures rose 35 cents, or 0.6 percent, to $56.03 per barrel.
Crude inventories fell by 2.7 million barrels in the week to Aug. 16, compared with analysts' expectations for a drop of 1.9 million barrels. However, gasoline stocks rose by 312,000 barrels and distillate supplies grew by 2.6 million barrels.

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