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Oil breaks 62 USD on inventory drop
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08:04, May 21, 2009

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Crude futures surged Wednesday after the U.S. Energy Department reported a drop in both crude and gasoline inventories last week.

Light, sweet crude for July delivery jumped 1.95 U.S. dollars to 62.05 dollars a barrel as of 10:36 EST (1436 GMT) on the New York Mercantile Exchange.

Source: Xinhua

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