New York's main contract, West Texas Intermediate (WTI) for delivery in January, rose to US$97.7 -- the highest point since late October. Oil prices were boosted by an unexpectedly sharp drop in US crude inventories, indicating strong demand. Brent North Sea crude for January remained stable at US$111.8. US government's Department of Energy (DoE) reported a American oil inventories plummeted by 5.6 mln barrels to 385.8 mln barrels in the week ending November 29.
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06-Dec-13 
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