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Oil Settles Higher on Strong Economic Data

M. Ali 2 September, 2020 1:11 am Commodities, Market Update

Oil prices closed Tuesday higher as positive data for the manufacturing sector in the United States and Canada improved the energy demand outlook.

The global benchmark Brent crude futures for November delivery finished higher by 30 cents, or 0.7%, at $45.58 per barrel.

Meanwhile, the US West Texas Intermediate (WTI) crude futures for October delivery added 15 cents, or 0.4%, to close at $42.76 per barrel.

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