NEW YORK: Oil prices rose on Wednesday, with Brent climbing above US$76 a barrel to its highest since late 2018, after data showed U.S. crude inventories declined as travel picks up.
U.S. crude inventories fell by 7.6 million barrels last week to 459.1 million barrels, the U.S. Energy Information Administration said, a much steeper drawdown than the 3.9 million barrels that analysts had expected in a Reuters poll.
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