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On Thursday, US inventories climbed down and the demand of US gasoline decreased substantially. Moreover, OPEC’s decision not to increase output even though Iran’s supply will shrink, has supported the crude market. Following this, oil prices increased for the third time in the week on Thursday. Brent crude went up by 0.3% and was at $79.60 a barrel and WTI climbed up by 0.8% and was at $71.67 a barrel.