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Home > Commodity > Oil resumes climb on large US oil stocks drawdown Oil resumes climb on large US oil stocks drawdown Commodity 0 MELBOURNE: Oil prices rose on Wednesday after industry data showed US crude inventories fell more than expected, reinforcing views of a tightening supply-demand balance with road and air travel picking up in Europe and North America.US West Texas Intermediate (WTI) crude futures jumped 33 cents, or 0.5%, to $73.18 a barrel at 0217 GMT, after falling 60 cents on Tuesday. Brent crude futures jumped 42 cents, or 0.6%, to $75.23 a barrel, after giving up 9...
