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U.S. crude futures end more than 2 percent higher

Brent crude up

U.S. crude futures rose more than 2 percent on Wednesday in choppy, thin trading, in reaction to a drop in crude inventories.

July 12, 2012 12:36 by



U.S. crude futures rose more than 2 percent on Wednesday in choppy, thin trading, in reaction to a drop in crude inventories.

The market also rebounded after selling off the previous session in reaction to an end to Norway’s oil workers strike.

U.S. August crude rose $1.90, or 2.26 percent, to settle at $85.81 a barrel, having swung from $84.01 to $86.49.

(Reporting by Robert Gibbons; Editing by Bob Burgdorfer)



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