Oil Prices Stay Above $65

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Crude oil prices rose Thursday, holding above $65 a barrel, after U.S. petroleum data showed a decline in crude stocks but a rise in gasoline inventories, suggesting that soaring prices are undercutting U.S. gasoline demand.


October light sweet crude on the New York Mercantile Exchange rose 35 cents to $65.44 a barrel in European electronic trading. Gasoline gained less than a cent to $1.9450 a gallon, while heating oil rose half a cent to $1.9300 a gallon. On London’s International Petroleum Exchange, October Brent gained 19 cents to $63.56 a barrel.


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