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Oil prices rebound after four-day retreat
Highlights
Oil prices rose on Tuesday, snapping a four-day losing streak triggered by oversupply concerns.The West Texas Intermediate for December delivery moved up 34 cents to settle at $44.21 a barrel on the New York Mercantile Exchange, while Brent crude for December delivery increased 25 cents to close at $47.44 a barrel on the London ICE Futures Exchange, reported Xinhua.
Oil prices rose on Tuesday, snapping a four-day losing streak triggered by oversupply concerns.The West Texas Intermediate for December delivery moved up 34 cents to settle at $44.21 a barrel on the New York Mercantile Exchange, while Brent crude for December delivery increased 25 cents to close at $47.44 a barrel on the London ICE Futures Exchange, reported Xinhua.
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