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Oil rebounds on less than expected build in stocks

March 30, 2016

Via: CNBC
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Oil futures rebounded in Asian trade on Wednesday, buoyed by a forecast for a less than expected build in crude oil stockpiles last week.

A weakening dollar also lent some support but concern that a two-month rally was fading in an oversupplied market put a ceiling on gains.

Brent futures climbed 40 cents to $39.54 a barrel as of 0104 GMT after settling down $1.13 in the previous session.

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