Oil rises on US crude stock draw, China stimulus hopes

Oil rises on US crude stock draw, China stimulus hopes

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Oil prices rose on Thursday after data showed stockpiles fell more than expected last week, while the Chinese central bank's cut in banks' reserve ratio reinforced hopes of more stimulus measures and economic recovery. futures were up 41 cents, or 0.5%, to $80.45 a barrel at 0730 GMT, while U.S.…

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