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Oil prices gained in the international market on Wednesday, as the fall in US crude inventories offset recession worries. Brent crude LCOc1 rose 0.6%, to $59.88 a barrel. U.S. WTI CLc1 was traded 1% higher, at $55.48 a barrel. Data released by API showed a decline of 11.1 million barrels, compared with expectations for a 2 million barrels dip. EIA data on crude inventories are set to be released today.
