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Crude prices jump amid shrinking inventory

Xinhua, April 7, 2016 Adjust font size:

Oil prices surged Wednesday as U.S. crude stockpiles contracted surprisingly.

The West Texas Intermediate for May delivery moved up 1.86 U.S. dollars to settle at 37.75 dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery increased 1.97 dollars to close at 39.84 dollars a barrel on the London ICE Futures Exchange. Endit