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Oil Posts First Gain in Four Days

M. Ali 3 November, 2020 1:06 am Commodities, Market Update

Oil prices rose for the first time in four sessions, supported by expectations that the OPEC+ alliance will continue the current output cuts for longer than previously estimated.

Brent crude futures for January delivery rose by $1.03, or 2.7%, to close at $38.97 per barrel.

Meanwhile, the West Texas Intermediate (WTI) futures for December delivery added $1.02, or 2.9%, to finish at $36.81 per barrel.

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