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Find all the economic and financial information on our Orishas Direct application to download on Play StoreOil prices rose slightly on Tuesday
in agitated exchanges. Investors focus on expectations
that the market is likely to become oversupplied and seeking
clarifications on the trade dispute between the United States and the
China, the two largest consumers of oil in the world.
At 11:38 ET (15:38 GMT), the futures contracts on the
Brent rose 23 cents, or 0.4%, to $61.24 per barrel. The
US West Texas Intermediate crude contract for delivery in
November, which expires on Tuesday, gained 22 cents, or also 0.4%, to 57.74
dollars.
Both contracts have hit their lowest level since early May on Monday, while production Oil record in the United States and the decision of the Organization of Countries oil exporters and its allies to continue increases in the planned supply raised expectations of oversupply.
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