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Oil prices settle at 2-week high as U.S. crude supplies fall and gasoline demand stays strong

·4 min read
Oil prices settle at 2-week high as U.S. crude supplies fall and gasoline demand stays strong
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Oil futures post their highest finish in two weeks on Wednesday, buoyed by a weekly decline U.S. crude inventories and ongoing strength in implied demand for gasoline. However, concerns that renewed restrictions tied to the spread of the coronavirus delta variant will lead to less fuel demand limit oil's price rise.