Oil futures gain traction higher, as analysts point to decline in U.S. crude storage

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Crude-oil futures on Thursday were edging higher, supported partly by data that showed a sharp drop in U.S. inventories, even as a group of global oil producers made no change to a plan to gradually increase crude output, analysts said. West Texas Intermediate crude for October delivery CLV21, +0.58% CL00, +0.58% was trading 37 cents, or 0.5%, higher at $68.96 a barrel, following a 0.1% gain on Wednesday for the contract for the U.S. benchmark on the New York Mercantile Exchange. Meanwhile, global benchmark November Brent crude BRNX21, +0.68% BRN00, +0.68%  added 35 cents, or 0.5%, to $71.94 a barrel, following a 0.1% decline for the global benchmark. Trading for crude follows a decision on Wednesday by the Organization of the Petroleum Exporting Countries and its allies, a group collectively known as OPEC+, to stick to a plan reached in July
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