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Oil Prices Rise on Storm Zeta News

Oil prices rose on Tuesday as weather conditions are expected to once again affect production in the Gulf of Mexico,

On the other hand, a gloomy outlook for global demand amid another surge in COVID-19 cases limited crude gains.

Brent crude futures for December delivery increased by 74 cents, or 1.8%, and closed at $41.20 per barrel.

Meanwhile, the West Texas Intermediate (WTI) futures for December delivery added $1.01, or 2.6%, to finish at $39.57 per barrel.

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