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Crude prices inched higher in early action on Thursday, but held near two-month lows hit in the prior session as concerns over a rise in U.S. oil inventories and record weekly domestic production weighed.
U.S. West Texas Intermediate WTI crude was up 25 cents, or around 0.4%, at $65.00 a barrel at 3:35AM ET (0735GMT).
It ended the previous session 1.2% lower at $64.73, for the lowest finish since April 9, pressured by a surprise jump in weekly U.S. crude supplies.
U.S. oil inventories rose by 2.1 million barrels in the week to June 1 to 436.5 million barrels, the Energy Information Administration said. Analysts had forecast a decline of 2.0 million barrels.
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