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Large crude oil draw lowers prices

The Energy Information Administration reported a large crude oil draw of 4.1 million barrels for the week to June 8, after a 2.1 million barrel increase a week earlier.
 
West Texas Intermediate traded at US$66.03 a barrel and Brent crude was at US$75.83 a barrel.
 
Meanwhile, US President Donald Trump is again blaming OPEC for high oil prices, even though crude futures have recently retreated from 3½-year highs on reports that his administration asked Saudi Arabia to manage the market.


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