Unexpected drop in crude supplies fails to lift oil above US$80

Despite an unexpected dip in US crude supplies, oil prices have not lifted above US$80 a barrel. Falling crude supplies is an indication of recovering demand on investor doubts about the strength of the US economy. Oil inventories dropped last week- Crude stocks fell 3.3 mln barrels while analysts had expected a rise of 1.3 mln barrels.
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