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Oil Maintains Rising Streak with Modest Gains

M. Ali 12 November, 2020 2:04 am Commodities, Market Update

Oil prices rose slightly on Wednesday, to maintain their rising trend, since positive news about the success of a Coronavirus vaccine emerged.

In addition, a decline in US crude inventories supported crude prices.

Brent crude futures for January delivery rose by 19 cents, or 0.4%, to close at $43.80 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for December delivery finished higher by 9 cents, or 0.2%, at $41.45 per barrel.

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