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Oil Futures Jumped On Supply Drops Fears
Oil futures rose more than $1.00 to $59.25 Wednesday on the New York Mercantile Exchange
Oil futures rose more than $1.00 to $59.25 Wednesday on the New York Mercantile Exchange on forecasts that U.S. crude supplies will drop.
"Dealers are looking at some of these preliminary forecasts for a draw in crude ahead of the EIAs," said a floor trader.
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