US crude rises 24 cents, settling at $64, on Saudi export cuts and lower US stockpiles [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
US crude rises 24 cents, settling at $64, on Saudi export cuts and lower US stockpiles Oil prices were slightly higher on Thursday, as a drop in crude shipments from top exporter Saudi Arabia and a draw in U.S. oil inventories supported prices. Crude futures traded in a narrow range, with gains held in check by a strengthening dollar and tepid equities. U.S. West Texas Intermediate crude futures settled 24 cents higher at $64 per barrel. Brent crude futures rose 35 cents, or half a percent, to $71.97 a barrel, near Wednesday's five-month high of $72.27 a barrel. Saudi Arabia's crude oil exports fell by 277,000 barrels per day just under 7 million bpd in February from the month before, according to data from the Joint Organizations Data Initiative. U.S. crude, gasoline and distillate inventories fell last week, with crude posting an unexpected drawdown and its first in four weeks, the Energy Information Administration data showed on Wednesday, which also helped support prices. "The la
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