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Crude oil climbs 1% to a five-month high amid tight gasoline supply

Gasoline stocks fell 7.7 million barrels, more than triple the 2 million-barrel drop analysts had expected

Reuters 

oil, gas
Representative Image

rallied more than 1 per cent on Wednesday after US data showing a deep drawdown in overshadowed rising to 17-month highs, and as sanctions and blackouts in helped tighten global supply.
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International benchmark rose $1.09 to $71.70 a barrel, or 1.5 per cent, by 10.22pm, after hitting a five-month high of $71.73 a barrel. Gasoline stocks, however, fell 7.7 million barrels, more than triple the 2 million-barrel drop analysts had expected.
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First Published: Thu, April 11 2019. 00:43 IST
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