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Crude rises as U.S. stockpiles up less than expected


Oil prices rose in Asia trade on Thursday as a buildup in weekly U.S. oil stockpiles showed the smallest increase since stocks began rising at the end of September.

U.S. weekly inventories of crude oil rose by around 0.25 million barrels, far less than market expectations of above 2 million barrels, said Daniel Ang, investment analyst at Phillip Futures Limited.

The rise in crude oil inventories followed routine maintenance shutdowns by refiners who process the oil into...