Oil Climbs Despite Rising Gas Stocks

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Crude futures resumed their upward march Wednesday, but a reported surge in U.S. inventories of gasoline and heating oil sent prices for those refined products lower.


Light sweet crude for February delivery climbed 57 cents to settle at $63.94 a barrel on the New York Mercantile Exchange. Brent crude for February rose 25 cents to settle at $62.17 a barrel on London’s ICE Futures.


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