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Oil Rises to Highest Level in Two Months

M. Ali 19 November, 2020 2:02 am Commodities, Market Update

Oil prices rose on Wednesday, closing at their highest level since early September, supported by an improved outlook due to recent developments in Coronavirus vaccine research.

Brent crude futures for January delivery rose by 59 cents, or 1.4%, to finish at $44.34 per barrel.

Meanwhile, the West Texas Intermediate (WTI) crude futures for December delivery added 39 cents, or 0.9%, and closed at $41.82 per barrel.

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