WTI at $78 as U.S. stockpiles fall

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Aerial view of a ship at sea.

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U.S. crude oil rose on Wednesday after domestic stockpiles declined more than expected.

In the U.S., commercial crude oil inventories, which exclude the strategic petroleum reserve, fell by 2.5 million barrels last week, according to data released by the Energy Information Administration. This is compared to the 543,000 barrel draw expected in a Reuters poll of analysts.



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