Oil jumps for fifth day amid Middle East concerns, decline in U.S. inventories

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Source: WBPonline
Oil prices prolonged their five-day jump, continuing their previous climbs and aiming even higher amid escalated concerns in the Middle East countries and a sharp fall in U.S. oil supplies. WTI futures advanced 0.24% to $107.11 per barrel and the European benchmark Brent increased 0.57% to $110.83. U.S. crude inventories dropped by 2.8 million barrels to 360.5 million barrels.
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