The Energy Information Administration reported that US crude stockpiles dropped 7.6 million barrels last week to 296.9 million - the lowest since February 2005.
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Crude Prices Rose on Inventories Decline
Oil prices rose amid the US inventories decline fell last week
Oil prices rose amid the US inventories decline fell last week to their lowest level in nearly three years.
US crude rose $2.15 to $92.23 per barrel by 2.00 EST on Wednesday.
Meanwhile, London Brent crude futures rose $2.08 to $92.20 per barrel.
The Energy Information Administration reported that US crude stockpiles dropped 7.6 million barrels last week to 296.9 million - the lowest since February 2005.
The Energy Information Administration reported that US crude stockpiles dropped 7.6 million barrels last week to 296.9 million - the lowest since February 2005.
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