Oil climbs one per cent after U.S. crude stocks signal tighter supply

Oil climbs one per cent after U.S. crude stocks signal tighter supply

(Reuters) – Oil prices rose at the start of Asian trade on Wednesday after industry data showed drawdowns in U.S. crude and fuel stockpiles, raising supply concerns and offsetting worries about slowing demand from top importer China. Brent crude futures rose 89 cents, or 0.9 per cent, to $105.86 a barrel by 0223 GMT. West …

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