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The decrease in US crude inventories helped oil prices gather ground and increase on Wednesday. Brent crude increased by 0.7%, at $73.98 a barrel and WTI went up by 0.4% and priced at $68.76 a barrel. The downturn in US crude inventories, which was 3.2 million barrels, was more than what the analysts expected. The market was also sustained by the reports of skyrocketing inflation in Venezuela.