March crude oil CLH4 +0.16% advanced 59 cents, or 0.6%, to settle at $97.32 a barrel on the New York Mercantile Exchange. It was trading around $97.11 shortly before the release of the government supply data, briefly dipped below $97 after it and then recovered. The settlement marked the highest for a most-active contract since Dec. 31, FactSet data show.
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