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RIYADH: Oil costs rose on Wednesday after plunging greater than 2 p.c within the earlier session as studies of falling US crude and gas inventories refocused traders on strong demand on this planet’s high client of the commodity.
Brent crude climbed by 40 cents, or 0.5 p.c, to $81.17 a barrel by 10:30 a.m. Saudi time. US West Texas Intermediate crude gained 48 cents, or 0.6 p.c, to $77.55 a barrel.
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