Crude futures rallied Wednesday in a round of short covering ahead of the Thanksgiving holiday as the market largely ignored bearish inventory data while news on the economy was good, with US jobless claims dropping to their lowest level in two years. Nymex January crude settled up $2.61 at $83.86 per barrel, while January Brent, trading on the ICE Exchange in London, lost $2.59 to $85.84.
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