Crude Oil Advances Amid Lower U.S. Supply, Middle East Violence
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Crude oil rose amid signs a U.S. glut is easing and on concern that violence in the Middle East will worsen.
U.S. crude inventories have fallen for three straight weeks after rising to a record last month, Energy Department data show. Violence flared in OPEC’s two biggest members Iraq and Saudi Arabia, raising tensions ahead of the producer group’s meeting on June 5 in Vienna.