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High oil prices

2019-09-12T08:34:29.185Z


LONDON (Reuters) - Oil prices rose on Monday on signs of easing trade tensions between Washington and Beijing and a decline


London-Sana

Oil prices rose today on signs of easing trade tensions between Washington and Beijing and falling US oil inventories to their lowest level in nearly a year.

Brent crude futures rose 23 cents, or 0.4 percent, to $ 61.04 a barrel, and West Texas Intermediate crude futures rose 28 cents, or 0.5 percent, to $ 56.03 a barrel.

The rise came after China decided to exempt US medicines to treat cancer and other products from customs duties and President Donald Trump's announcement to postpone a planned increase in customs duties on Chinese goods worth billions of dollars.

Source: sena

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