Oil market rebounds on US energy report

 1 hour ago  New York’s benchmark West Texas Intermediate (WTI) for April rose 65 cents to $49.93 a barrel (AFP Photo/Philippe Huguen) London (AFP) – Global oil prices rallied Wednesday as sliding US gasoline and distillates inventories eclipsed news that soaring crude reserves hit another record high last week.Related StoriesOil slips as traders expect new rise in…

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