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Oil up on U.S. crude stocks draw, Forties outage supports
Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster markets. Britain’s biggest pipeline from its North Sea oil and gas fields is likely to be shut for several weeks for repairs. On Wednesday morning, its operator said it was still considering repair options and reiterated that any repairs would take several weeks. Click Read More below for additional information.
AAA Daily Fuel Gauge Report for Friday, 8/16/24
National Average Price for Regular Unleaded Current: $3.433; Month Ago: $3.515; Year Ago: $3.873. National Average Price for Diesel Current: $3.756; Month Ago: $3.858; Year Ago: $4.338.