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Commodity: Oil prices up slightly

14/11/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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After an OPEC report said that market fundamentals remained solid and due to fears of a supply disruption due to the reduction in Russian oil exports by the United States, oil prices rose slightly Tuesday.

U.S. WTI crude futures were up 33 cents, or 0.4%, to $78.59 per barrel. Brent oil futures rose by 33 cents, or 0.4%, to $82.85 per barrel at 0113 GMT. Oil prices fell last week to their lowest level since July, hampered by fears of lower demand in the United States and China, the main oil consumers. Chinese consumer prices fell in October to levels not seen since the COVID-19 pandemic and exports for the month contracted more than expected

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