US crude oil futures stood steady on near $80 a barrel after a larger-than-expected build in US crude inventories and a greater-than-forecast drawdown in distillates.
NYMEX crude for April delivery was up 7 cents at $79.75 a barrel, after settling up 98 cents a day earlier helped by a weaker US dollar and an improved outlook for 's debt problems that lifted economic optimism.
Oil hit $80.95 on Tuesday, the highest since January 12.
Source BloombergUTV
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