(MENAFN- ProactiveInvestors)
Crude oil scored its second-biggest one-day percentage gain of July after U.S. government data showed sizable weekly declines in crude supplies and production.
West Texas Intermediate crude for September delivery added 1.7% to settle at US$48.79 a barrel on the New York Mercantile Exchange.
It was trading down at around US$47.70 before the supply data.
ICE September Brent crude tacked on 0.2% to US$53.38 a barrel.
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