Oil rises on supply disruptions, large U.S. crude stock drawdown | Reuters:
Oil rose on Tuesday, supported by a larger-than expected U.S. stock draw and supply concerns in Norway and Libya, though gains were tempered by the United States’ indication that it would consider requests for waivers from Iranian oil sanctions.
Brent crude futures LCOc1 gained 79 cents to settle at $78.86 per barrel. Earlier, the global benchmark hit a session high of $79.51.
U.S. crude futures CLc1 rose 26 cents to settle at $74.11, after hitting a high of $74.70.
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