Oil Steadies Amid Middle East Tensions, Shrinking Stockpiles
A clean-up crew member positions a suction pipe in a pool of crude oil, leaked from a burst pipeline in the Arava desert, during the clean-up operation in the Evrona nature reserve near Eilat, Israel. (Photographer: Ariel Jerozolimski/Bloomberg)

Oil Steadies Amid Middle East Tensions, Shrinking Stockpiles

(Bloomberg) -- Oil settled above $61 a barrel after posting its biggest annual gain in three years amid elevated tensions in the Middle East and signs that U.S. crude stockpiles fell further.
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