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Oil rises on decline in US crude stocks, Fed comments on economy

image TOKYO: Oil prices rose on Thursday, extending gains from the previous session, as an industry report showing a fall in U.S. crude stockpiles last week added to positive comments by the U.S. Federal Reserve head on the U.S. economy.

U.S. West Texas Intermediate crude was up 20 cents, or 0.4%, at $57.32 a barrel by 0111 GMT, after rising 0.6% on Wednesday.

Brent futures were up 17 cents, or 0 ...........ET

14-Nov-2019