Daily Fundamentals:

Oil prices held steady on Thursday as U.S. crude inventories fell despite a rise in production, while outside the United States an OPEC-led supply cut continued to tighten the market.

Oil markets were being supported by falling U.S. commercial crude oil inventories despite rising output.

U.S. commercial crude oil inventories fell by 2.4 million barrels in the week to Oct. 27 to 454.9 million barrels, according to data from the Energy Information Administration (EIA) on Wednesday.
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CRUDE-OIL-DAILY

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