Oil prices continued their steady uptick on Wednesday, rising above $51 per barrel amid turmoil in Nigeria, early signs of a reawakening U.S. market, encouraging reports on China’s growth and diminishing crude supplies.
The price of West Texas Intermediate crude, the U.S. benchmark, rose 2% to $51.34 Wednesday morning.
U.S. crude oil inventories fell by 3.2 million barrels last week.
Edited by Jesus Chan
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