(Reuters) - U.S. crude rose 23 cents to $70.75 a barrel by 0714 GMT, after closing at its highest settlement since late August 2006 and breaching the $70 mark during overnight trade in New York. London Brent crude oil rose 25 cents to $69.82.
Crude oil stockpiles in Cushing, Oklahoma -- the delivery point for U.S. crude futures -- fell by 1.4 million barrels last week, although nationwide stocks rose 1.6 million barrels to a fresh nine-year high.
Read more at Reuters.com Hot Stocks News
Crude oil stockpiles in Cushing, Oklahoma -- the delivery point for U.S. crude futures -- fell by 1.4 million barrels last week, although nationwide stocks rose 1.6 million barrels to a fresh nine-year high.
Read more at Reuters.com Hot Stocks News
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