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Crude oil prices move higher

Crude oil prices moved higher on Thursday after the Energy Information Administration reported a draw in crude oil inventories of 4.2 million barrels for the week to May 25, a day after the API pressured benchmarks by estimating an unexpected inventory increase of one million barrels for the period.
 
Brent crude is trading at US$78.27 a barrel, with WTI at US$67.20. 


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