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Oil prices bounce on US gasoline stock draw, dollar’s decline

August 4, 2016

Via: CNBC

Oil prices rose on Thursday, extending gains from the previous session following a large draw in U.S. gasoline inventories and a big drop in the dollar since the end of July.

U.S. West Texas Intermediate (WTI) crude futures were trading at $41.11 per barrel at 0513 GMT, up 28 cents, or 0.7 percent, after rising 3.3 percent in the previous session.

International Brent crude futures were trading at $43.28 a barrel, up 18 cents, or 0.44 percent.

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