Oil Trades Near $54 as U.S. Crude Stockpiles Resume Decline - Bloomberg:
"Oil traded near $54 a barrel as traders remained cautious on how quickly a global oil glut is diminishing. Futures were little changed in New York after falling 0.2 percent Wednesday. Crude inventories fell by 2.44 million barrels for a fifth decline in six weeks, according to the Energy Information Administration. U.S. oil production rose a second week. OPEC output slid in October as tensions between Iraq’s central government and the semi-autonomous Kurdistan region crimped supply."
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