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Crude Gains As Industry Is Said To Report Surprise Crude Draw

Crude Gains As Industry Is Said To Report Surprise Crude Draw

Oil edged higher after an industry report showed U.S. crude stockpiles and supplies at the nation's largest storage hub both declined. Futures in New York climbed from the settlement Tuesday after the American Petroleum Institute was said to have reported U.S. crude inventories tumbled 1.05 million barrels last week. Supplies at the Cushing, Okla., hub decreased for the first time...