Oil prices pull back after boost from U.S. inventory data

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Oil futures pulled back Thursday, consolidating after a jump the previous session that came partly in response to a smaller-than-expected rise in U.S. crude inventories and big drawdowns in refined fuel stocks.

Price moves

Market drivers

Oil futures rallied Wednesday after the Energy Information Administration said U.S. crude inventories rose by a smaller-than-expected 1.4 million barrels in the week ended March 1.

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