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Oil ticks up on inventory drawdown outlook, Middle East risks

Oil prices inched up during Asian trade on Wednesday despite a surprise jump in U.S. stockpiles, driven by geopolitical risks from the Middle East conflict and forecasts of an eventual inventory drawdown during the third quarter peak demand season. Brent crude oil futures rose 40 cents, or 0.5%, to $85.41 a barrel by 0406 GMT. […]


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