Oil rises as IEA sees demand US fuel stocks slump
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brecorder
2 months ago

Oil rises as IEA sees demand US fuel stocks slump

NEW YORK: Oil prices rose on Wednesday after the International Energy Agency (IEA) said a global surplus of crude was starting to shrink, even though US data showed another big increase in crude inventories due to the ongoing effects of Hurricane Harvey. US gasoline and distillate stocks fell sharply as Harvey shut nearly a quarter

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