WTI rises on lower stockpiles and as Fed tapers off

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Source: Bloomberg
West Texas Intermediate crude traded in New York increased on Thursday traded close to the strongest level in one week after a report showed that inventories in the U.S. dropped and as the U.S. Federal Reserve trimmed its stimulus as the economy improves. WTI for delivery in January expiring today rose 6 cents to $97.86 per barrel on the NYMEX.

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Thu, 19 Dec 2013 14:12:19 GMT

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