Longer curbs: A crude oil tanker passes underneath a bridge on the Bosporus Strait in Istanbul. Oil is heading for a second yearly gain as Opec and its allies prolong supply curbs through the end of 2018. — Bloomberg
SEOUL: Oil headed toward its highest close in over a week as industry data was said to show a larger-than-expected drop in US crude stockpiles.
February futures in New York added 0.4% after gaining 0.6% on Tuesday. Inventories fell 5.2 million barrels last week, the American Petroleum Institute was said to report.
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