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Unexpected significant increase in US crude inventories led to the rise in oil prices. WTI increased by 0.4% and was traded at $59.07 a barrel. Brent went up by 0.2% and was traded at $69.59 a barrel. API has reported a drop in US crude inventories by 5.3 million barrels to 474.4 million barrels. The overall supply tightness has kept the oil prices in the right place.
