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Oil Jumps to Three-Month High as Cold Snap Tightens Inventories
Source: Live Mint (Bloomberg) — Oil rose to a three-month high after another contraction in US crude stockpiles, driven by frigid winter weather, reflected a tighter global market. Brent futures advanced as much as 2.3%, surpassing $78 a barrel for the first time since mid-October. Crude inventories at the American storage hub in Cushing, Oklahoma,…