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NEW YORK, July 19 (Xinhua) -- Oil prices settled higher on Wednesday after data showed bigger weekly draw than forecast in U.S. crude inventories.
The West Texas Intermediate for August Delivery added 0.72 dollar to settle at 47.12 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery gained 0.86 dollar to close at 49.70 dollars a barrel on the London ICE Futures Exchange.
