Crude stocks at the Cushing, Oklahoma, delivery hub fell by 1.4 million barrels, the API said, while refinery crude runs rose by 208,000 barrels per day.
Tokyo: Oil prices traded higher on Wednesday after an industry report said U.S. crude stockpiles fell last week by more than twice the amount that analysts in a Reuters poll had forecast. Brent crude futures rose 40 cents, or 0.6%, to $62.78 a barrel by 0643 GMT, while West Texas Intermediate (WTI) futures were up 37 cents, or 0.6%, to $57.77 a barrel.
Prices had ended lower ...
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