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flag Crude prices rose on reduced U.S. stocks, strong demand, and supply concerns despite growing output.

flag Crude oil prices rose to a one-week high, with WTI and Brent crude gaining 1.3% and 1.2% respectively, driven by a surprise drop in U.S. crude stocks at Cushing and strong demand for refined products. flag OPEC+'s limited November production increase of 137,000 bpd eased supply concerns, while ongoing Russian oil sanctions and drone attacks on infrastructure supported prices. flag Despite rising global supply, including U.S. output nearing record levels and Iraq's resumption of exports, demand strength and expectations of Fed rate cuts bolstered markets. flag Analysts warn of a potential global supply surplus by 2026, which could pressure prices long-term.

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