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Oil prices climb as US stock drawdown eases supply glut fears

Oil prices advanced on Thursday as a drawdown of US crude inventories and output cuts by major producers helped ease concerns about a supply glut.

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BUSINESS

Oil prices below $40 ahead of US data

Oil prices continue their decline in global markets as the market awaits release of data on US commercial crude stockpiles and production.

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BUSINESS

Oil prices fall over supply glut concerns

Oil prices fall in Asian markets as concerns about global supply glut soar ahead of fresh US stocks data.

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