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Oil Prices Recover Some of Its Losses

M. Ali 10 September, 2020 12:18 am Commodities, Market Update

Oil prices closed higher on Wednesday, amid a decline by the US Dollar (USD), recovering some of its losses on Tuesday.

Brent crude futures for November delivery increased by $1.01, or 2.5%, to settle at $40.79 per barrel, after falling below $40 for the first time since June yesterday.

The West Texas Intermediate (WTI) futures for October delivery closed higher by $1.29, or 3.5%, at $38.05 per barrel.

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