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Oil rises above $99 in Europe after surprise US crude supply drop suggests demand improving

from The Washington Post

Oil prices rose above $99 a barrel after an unexpected drop in U.S. crude supplies suggested demand is improving. The American Petroleum Institute said crude inventories fell 4.5 million barrels last week while analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos., had predicted an increase of 2.3 million barrels. more

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