Oil Edges Higher With US Stockpile Draw, Fed Rate Cuts in Focus

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Oil climbed after US stockpiles fell, and the Federal Reserve signaled that interest rates would be cut this year, boosting risk appetite across wider markets and bruising the dollar.

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Oil Edges Lower With Focus on Crude Stockpiles and Fed DecisionOil held the bulk of a two-day gain as an industry group flagged a fall in US crude stockpiles, and traders counted down to an interest-rate decision by the Federal Reserve.
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