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High oil prices

2021-05-05T22:16:31.101Z

Singapore-SANA Oil prices rose today after a sharp decline in US crude inventories. Reuters reported that lick



Singapore-Sana

Oil prices rose today after a sharp drop in US crude inventories.

Reuters reported that US West Texas Intermediate crude futures rose 48 cents, equivalent to 0.7 percent, to $ 66.17 a barrel.

Brent crude futures rose 49 cents, or 0.7 percent, to $ 69.37 a barrel, after touching a more than seven-week high at $ 69.78 earlier in the session.

And contracts for both benchmarks rose nearly 2 percent yesterday, ahead of data from the American Petroleum Institute.

Source: sena

All business articles on 2021-05-05

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