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Oil Recovers from Earlier Losses and Finishes Higher

M. Ali 18 August, 2020 1:37 am Commodities, Market Update

Oil prices closed higher on Monday, after showing a mixed performance due to geopolitical risks and rising concerns about demand recovery.

The Brent crude futures for October delivery increased by 1.3% or 57 cents and settled at $45.37 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for September delivery closed higher by 2.1% or 88 cents at $42.89 per barrel.

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