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Oil Updates — Crude steady; PetroChina's net profit surges 62% to record high

RIYADH: Oil was steady on Thursday as a surprise drop in US crude stockpiles offset a smaller-than-expected cut to Russian supplies, while investors closely watched developments on Iraqi Kurdistan oil exports. Brent crude futures were up 20 cents, or 0.26 percent, to $78.48 a barrel at 10.50 a.m. Saudi time, while West Texas Intermediate crude rose 34 cents, or 0.47 percent,
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