Crude oil gained supported by the deteriorating situation in Ukraine and the potential for other supply disruptions.
In a report, Energy Information Administration said that U.S. Crude Oil Inventories rose to a seasonally adjusted annual rate of 0.947M, from -1.781M in the preceding month.
OPEC raised the forecast demand for its crude oil in 2014 to 29.76 million bpd, up 110,000 bpd from the previous estimate.
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