The meeting came as divisions grow in Europe over the proposed tariffs
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Benchmark oil for July delivery was up $1.04 to $85.33 per barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 31 cents to settle at $84.29 in New York on Tuesday.
In London, Brent crude for July delivery was up 99 cents at $99.83 per barrel on the ICE Futures exchange.
The American Petroleum Institute said late Tuesday that crude inventories fell 1.8 million barrels last week while analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos., had predicted a drop of 1 million barrels.
Inventories of gasoline rose 1.4 million barrels last week while distillates increased 1.8 million barrels, the API said.
The Energy Department’s Energy Information Administration reports its weekly supply data later Wednesday.
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