Oil climbs more than 2 percent as tight supplies in focus

By Ayenat Mersie NEW YORK (Reuters) - Oil prices climbed surged on Wednesday, rebounding from a four-day slump as Russia's central bank expressed caution on plans to boost oil supply and analysts forecast a drawdown in U.S. crude inventories. Brent settled up $2.11, or 2.8 percent, at $77.50 a barrel.

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