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Oil edges up towards $64 a barrel over North Sea pipeline outage

Brent crude futures , the international benchmark for oil prices, were at $63.86 a barrel, up 6 cents

Reuters  |  Singapore 

Oil prices inched up on Wednesday, supported by expectations of a fall in US crude inventories and by the ongoing outage of the North Sea Forties pipeline system. US West Texas Intermediate (WTI) crude futures were at $57.71 a barrel at 0100 GMT, up 15 cents from their last settlement. Brent crude futures , the international benchmark for oil prices, were at $63.86 a barrel, up 6 cents. "Oil prices inched higher on expectations of another strong drawdown in U.S. inventories," ANZ bank said on Wednesday. The American Petroleum Institute said on Tuesday that ...

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First Published: Wed, December 20 2017. 08:59 IST
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