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Crushing the expectations of the analysts, US inventories fell hard on the ground. This led to a substantial rise in oil prices on Wednesday. The improvement in the market is being witnessed at the time when investors hope for a widely expected cut in interest rates by the Federal Reserve. The international benchmark, Brent increased by 0.7% to $65.16 a barrel. WTI went up by 0.7% to $58.46 a barrel.