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Oil Prices Finish Higher

M. Ali 25 August, 2020 11:44 pm Commodities, Market Update

Oil prices closed higher on Tuesday, continuing to gain support from output disruptions due to weather conditions at the Gulf of Mexico.

West Texas Intermediate (WTI) finished higher by 73 cents at $43.35 per barrel, or its highest level since March 5.

Meanwhile, the global benchmark Brent crude futures for October delivery increased by 73 cents to settle at $45.86 a barrel.

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