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Oil: Prices are rising in the face of tighter supply and lower inflation in the United States

14/07/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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Oil prices are supported by tighter supplies in Libya and Nigeria and lower inflation in the United States. An increase was noted on Friday.

Brent oil futures rose 27 cents, or 0.3%, to $81.63 per barrel at 0028 GMT. West Texas Intermediate crude oil futures rose 35 cents, or 0.5%, to $77.24

.

On Thursday, a number of oil fields in Libya were closed following a local tribe's protest against the abduction of a former minister. In addition, Shell has suspended shipments of Forcados crude oil from Nigeria due to a potential leak at a

terminal.
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