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Futures Movers: Oil prices up on a higher demand forecast, but EIA reports biggest weekly U.S. supply climb since March

Oil futures rose on Thursday, boosted after the International Energy Agency underlined rising demand from power generators in the face of soaring prices for natural gas and coal.

Prices pared some of their gains, however, after U.S. government data revealed a third straight weekly rise in domestic crude inventories, the largest since March.


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