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Oil Rises in Choppy Trade as Investors Focus on Supply Signals
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6 Articles
The WTI quoted today with a firmer tone, as the market assimilated a series of surprisingly constructive signals about supply and demand in the United States, just as the "risk premium" ceased to diminish.
Oil rises as investors focus on supply signals
Brent crude futures gained 31 cents, or 0.5%, to settle at $61.32 a barrel Oil prices settled higher on Tuesday, bouncing off the previous session’s five-month lows, as investors reassessed expectations of a looming glut and sought clarity on the trade dispute between the U.S. and China, the world’s two biggest oil consumers. Brent crude futures gained 31 cents, or 0.5%, to settle at $61.32 a barrel, while U.S. West Texas Intermediate crude futu…
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