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Oil prices surge on US stockpiles drop, hope of OPEC output cuts

Updated : December 05, 2019 08:02 AM IST

Brent crude futures ended the session up $2.18, or 3.6 percent, at $63 a barrel after climbing to as much as $63.51.
US West Texas Intermediate (WTI) crude futures settled up $2.33, or 4.2 percent, at $58.43 after touching a session high of $58.66 a barrel.
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