Oil prices rise as geopolitical risks overshadow inventory builds

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Oil Pumps And Rig At Sunset By The Sea

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Crude futures climbed Wednesday as heightened geopolitical tensions outweighed bearish U.S. stockpile data. The Energy Information Administration reported crude inventories rose by 3.9 million barrels last week, while gasoline and distillate supplies increased by 1.5 million and 4.7 million barrels, respectively.

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