SINGAPORE, Nov 2 (Reuters) – Oil prices rose on Wednesday after industry data showed a surprise fall in US crude inventories, suggesting demand is holding up despite sharp hikes in interest rates dampening global growth.

Brent crude was up 54 cents, or 0.6%, to $95.19 a barrel by 0723 GMT, while US West Texas Intermediate (WTI) crude was up 72 cents, or 0.8%, to $89.09 a barrel.

Benchmarks were up about 2% in the previous session on a weaker US dollar and after an unconfirmed note published on social…

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