Oil traded above $74 on Wednesday, buoyed by a sharp drawdown in U.S. crude stocks and an unexpected fall in gasoline inventories, but held in check by a firmer dollar.
U.S. crude for February rose 30 cents to $74.70 a barrel by 1033 GMT in thin pre-holiday trade, after rising 68 cents on Tuesday. Prices have gained almost $6 since Dec. 13.
Wednesday, December 23, 2009
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