Crude Oil Futures Rise on Supply Data and OPEC+ Outlook ...Middle East

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Crude Oil Futures Rise on Supply Data and OPEC+ Outlook
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Oil prices rose early on Wednesday after an industry report showed on Tuesday that the crude stocks at the key Cushing hub fell further and OPEC+ somewhat eased fears of an imminent glut with a planned modest increase in output.   As of 8:05 a.m. EDT on Wednesday, WTI Crude prices were up by 1.44% at $62.62, while the front-month Brent Crude futures traded 1.42% higher at $66.38.  Cushing, Oklahoma, is the physical delivery spot for oil bought and sold in West Texas Intermediate futures contracts.   The American Petroleum…

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