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Oil Prices Rise; Saudi Arabia Development, EIA Weekly Data in Focus

Oil costs ascended on Thursday in Asia following the first U.S. stock form in about a month.

U.S. Unrefined petroleum WTI Futures increased 0.3% to $58.22 by 1:16 AM ET (05:16 GMT), while International Brent Oil Futures exchanged 0.2% higher to $63.70.

The U.S. Vitality Information Administration announced that rough inventories ascended by 1.06 million barrels for the week finished Sept 13, contrasted and desires for a drawdown of 2.5 million barrels.

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