OIL PRICES UP
Crude oil prices for May delivery climbed for a sixth consecutive day on both New York and London markets Apr. 16, which analysts attributed to signs of a possible slowing in US oil production.
The US Energy Information Administration's latest weekly inventory report showed a rise of 1.3 million bbl in crude oil supplies for the week ended Apr. 10, but that increase was less than half of the analysts surveyed by the Wall Street Journal had expected.
Meanwhile, oil traders continued to monitor for signs of increased volatility in the Middle East.
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