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On Wednesday, oil prices climbed on the back of declining US crude inventories. Despite Trump's call on OPEC, the oil cartel seems to stick with its supply cut decision. WTI increased by 0.9% and was traded at $56.02 per barrel. Brent rose by 0.5% and was traded at $65.55 per barrel. Oil supply remains surplus due to the increase in US crude production over the past year.