WTI Crude Oil futures climbed above $76 per barrel, supported by expectations of higher heating fuel demand due to prolonged cold weather in the Northern Hemisphere. Investors also awaited the December nonfarm payrolls report for labor market insights, as robust data could reduce expectations of Federal Reserve rate cuts. A seventh straight weekly decline in US crude stockpiles indicated strong demand, but gains were capped by weak Chinese demand and a stronger US dollar.

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