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Oil Price Goes Up Again

By – Mohamed Nabil

Oil prices on Monday clawed back some losses from a nearly 8 percent plunge the previous session, with Brent jumping back above $60 per barrel, but sentiment remained weak amid a broad sell-off in financial markets in past weeks, according to Reuters.

Front-month Brent crude oil futures LCOc1 rose $1.31, or 2.2 percent, to $60.11 per barrel by 0643 GMT.

U.S. West Texas Intermediate (WTI) crude futures CLc1, were up 66 cents, or 1.3 percent, at $51.08 per barrel.

 

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