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Oil Rises as US Crude Inventories Show First Decline in a Month


West Texas Intermediate rose as much as 3.4% to trade above $81 a barrel. Crude inventories fell 215,000 barrels last week, the US Energy Information Administration reported. The country’s demand for distillates, which includes diesel, jumped last week bringing the four-week average back above 2020 levels for this time of year. Meanwhile, leaks in three Nord Stream pipelines that began Tuesday and are widely suspected to be sabotage are prompting concerns of a broader escalation of Russia’s energy conflict with Europe.





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