Oil holds near two-week lows on rising supplies
Oil prices held near two-week lows on Wednesday as Gulf crude supplies improved and inventories rose. Meanwhile, European diesel refining margins hit a record high amid export ban concerns.
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Brent Crude Oil rose 37 cents to $99.62 a barrel during Wednesday morning trade, while West Texas Oil fell 44 cents to $90.08. Both benchmarks hovered near their lowest levels in more than two weeks due to improving Gulf supplies.
