Oil Rises With Shrinking U.S. Stockpiles Allaying Fears of Glut

Oil Rises With Shrinking U.S. Stockpiles Allaying Fears of Glut

Oil surged above $39 a barrel in New York, with shrinking U.S. crude inventories and a pickup in domestic refinery activity helping mitigate concerns of oversupply.U.S. benchmark crude futures rose as much as 4.

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