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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe end of anti-Covid 19 measures in China presages a sustained demand while supply is plagued by the European embargo on Russian production. Oil prices stabilized Monday at a high level.
At around 09:35 GMT (11:35 a.m. CET), a barrel of North Sea Brent crude for August delivery was up 0.34 percent at $120.13. U.S. West Texas Intermediate (WTI) for July delivery was up 0.38 percent to $119.28 a barrel, after rising to $120.99, the highest since early March. Opec+, which had raised its production targets in recent months by 432,000 barrels per day, announced Thursday an increase of 648,000 barrels per day.
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