Oil Prices Inch Up In Face Of Tight Market

Oil prices rose on Monday as investors focused on tight market conditions after data late last week showed U.S. crude inventories fell to their lowest in more than three years.

Global benchmark Brent had climbed 49 cents, or 0.6 percent, to $77.60 a barrel by 0635 GMT. U.S. crude futures added 34 cents, or 0.5 percent, to $74.14.

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Suhani Verma

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