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Crude settled higher on Thursday, after the International Energy Agency (IEA) said the oil demand and supply imbalance was close to breakeven, after several developed countries reined in production.
On the New York Mercantile Exchange crude futures for May delivery gained 7 cents to settle at $53.18 a barrel, while on London’s Intercontinental Exchange, Brent added 1 cents to trade at $55.87 a barrel.

Un tecnico al lavoro nel campo petrolifero di Kashagan. REUTERS/Stringer

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