Oil prices advanced to nearly $75 a barrel in Asia after a report showed that U.S. crude oil inventories dropped more than forecast, suggesting improved demand.
Benchmark oil for delivery in October rose 32 cents to $74.99 a barrel late Thursday afternoon Singapore time in electronic trading on the New York Mercantile Exchange, according to The Associated Press.
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Oil Prices Near $75 a Barrel in Asia on U.S. Inventories originally appeared on DailyFinance on Thu, 09 Sep 2010 07:05:00.
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