OIL FUTURES: Crude Ends At 7-Month High As Supplies Tighten - Wall Street Journal

NEW YORK (Dow Jones)--Crude oil prices rose Wednesday after government data showed U.S. supplies unexpectedly dropping and demand picking up.

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Light, sweet crude for July delivery settled $1.32, or 1.9%, higher at $71.33 a barrel on the New York Mercantile Exchange, the highest settlement since Oct. 20. Brent crude on the ICE futures exchange settled $1.18, or 1.7%, higher at $70.80 a barrel. U.S. crude stockpiles declined by 4.4 million barrels to 361.6 million barrels last week, the Energy Information Administration said ...

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