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Rising oil prices supported by weak dollar and tight supplies

2022-07-18T06:22:03.628Z


Singapore, SANA- Oil prices rose today, supported by the weakness of the dollar and the scarcity of supplies that offset fears about a recession.


Singapore-Sana

Oil prices rose today, supported by a weak dollar and tight supplies that offset fears of a recession.

Reuters reported that Brent crude futures for September delivery rose 69 cents, or 0.7 percent, to settle at $101.85 a barrel.

US West Texas Intermediate crude futures for August delivery also rose 27 cents, or 0.3 percent, to $97.86 a barrel.

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Source: sena

All business articles on 2022-07-18

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