Iran was "in the process of examining the proposal very seriously and will reply to it as soon as possible".
Iranian Foreign Minister Manouchehr Mottaki said on Wednesday describin a new EU offer of incentives to encourage Tehran to stop uranium enrichment as "very positive".

 
"Crude stocks should indicate a slight decline due to an expected increase in refinery activity and a modest decline in imports. Some further slippage in West Coast crude supply should also heighten the odds of a draw."
Energy consultant Jim Ritterbusch said in a report, ahead of Wednesday's US stock data where analysts polled by Platts expect a 975,000 barrel draw in commercial crude stocks.
 
   

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