Crude oil pushes higher on global tensions, signs of strong U.S. gasoline demand

Crude oil pushes higher on global tensions, signs of strong U.S. gasoline demand

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U.S. crude oil futures closed at new five-month highs Wednesday, supported by data that showed a large drop in U.S. gasoline inventories and strong fuel demand ahead of the summer driving season.

Crude prices also have been lifted this week by worries over the potential for a wider Middle Eastern conflict, after Iran promised retaliation for an Israeli strike in Syria that killed a top general and others.

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