Oil

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Oil Prices Rebounds as US Stockpiles Declines

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Crude prices recovered from the steep losses on Thursday as crude stockpiles in the US unexpectedly declined.

Prices for the North American West Texas Intermediate (WTI) crude traded 1.07% higher to $51.96 per barrel on the New York Mercantile Exchange at the time of writing. The European benchmark Brent crude rose 0.88% lower to $57.62 a barrel on the London-based ICE Futures Europe exchange Read more