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Oil prices rise on account of Canadian pipeline disruption to US

Brent crude futures, the international benchmark for oil prices, were at $63.30 per barrel, up 73 cents, or 1.2 percent.

Reuters  |  Singapore 

Oil prices jumped by 1 to 2 percent on Wednesday as ongoing cuts of piped Canadian crude to the United States added to falling US crude inventories, while expectations of a prolonged OPEC-led production cut also offered support. US West Texas Intermediate (WTI) crude futures were at $57.96 a barrel at 0753 GMT, up $1.13, or 2 percent from their last settlement. Brent crude futures, the international benchmark for oil prices, were at $63.30 per barrel, up 73 cents, or 1.2 percent. Traders said the firm price lift was due to drop in crude supplies from Canada to the United ...

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First Published: Wed, November 22 2017. 13:32 IST
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