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MARKET WATCH: Crude-price rally continues after US crude inventory drop

US light, sweet crude oil and natural gas futures both traded higher on the New York market Jan. 11 after the US Energy Information Administration reported weekly drops in both crude oil supplies and underground gas storage levels. Hans van Cleef, ABN AMRO senior energy economist, noted in a Jan. 12 research note that US crude inventories dropped for 8 consecutive weeks.

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