Crude Prices Rise as U.S. Supplies Fall

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Oil futures rose Wednesday after the U.S. government’s weekly supply snapshot showed declining inventories of crude and distillate fuel.


The U.S. Energy Department report showed a 1 million barrel decline in crude oil inventories and a 3 million barrel decline in distillate fuel.


Light, sweet crude rose 50 cents to $45.90 a barrel in late-morning trade on the New York Mercantile Exchange. In London, Brent crude rose 43 cents to $43.50 on the International Petroleum Exchange.


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