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Oil Maintains Rising Rally on Inventories Draw

M. Ali 25 September, 2020 12:30 am Market Update

Oil prices closed higher on Thursday, following a decline in US crude inventories, as shown by recent data.

Brent futures for November delivery increased by 17 cents, or 0.4%, and finished at $41.94 per barrel.

Meanwhile, the West Texas Intermediate (WTI) futures for November delivery settled higher by 38 cents, or about 1%, at $40.31 per barrel.

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