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2024

Oil rises 2% as US stockpiles drawdown, OPEC+ mulls output hike delay

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Oil prices increased by more than 2% as U.S. crude and gasoline inventories unexpectedly fell last week. There are reports that OPEC+ might delay a planned oil output increase due to concerns over weak demand and rising supply. Imports of crude oil from Saudi Arabia to the U.S. fell to their lowest level since January 2021.














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