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Oil futures climbed on Thursday to settle at fresh seven-week highs on the back of weekly declines in U.S. crude and gasoline inventories, as rising geopolitical tensions lifted concerns about disruptions to global supply chains.
Price moves
Supply data
U.S. commercial crude inventories fell by 2.5 million barrels for the week ended June 14, after posting two consecutive weekly gains, according to data from the Energy Information Administration released Thursday. The data came out a day later than usual due…
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