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Oil records a timid increase with the first unlocks in China. Prices were supported by the softening of health restrictions in China, reassuring on demand, as well as by the European project of embargo on Russian oil that is looming.
To 09:00 GMT (11:00 CET), the barrel of North Sea Brent for delivery in July was up 0.63% to $113.26. The barrel of US West Texas Intermediate (WTI) for delivery in July, which is the first day of use as a reference contract, rose 0.55% to $ 110.29. Brent crude from the North Sea is indeed destined for a much wider geographical area than American WTI, which remains mainly consumed in the United States.
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