Oil prices climbed higher on Wednesday after data showed a bigger than expected drop in U.S. crude inventories in the week ended December 8th, and on reports that a tanker was hit by gunmen in the Red Sea off Yemen's coast.
OPEC+ lifted its estimate f 2023 global economic growth based on its latest monthly report released earlier in the day. The cartel expects oil demand to grow by 2.2 million barrels per day next year.
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