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Tag Archives: Covid curbs

Oil’s gains on China COVID hopes impacted by OPEC+ output concerns

Mohamed Abdelhamid Commodities, Daily Economic Reports, Economic Report, Market Update

Oil prices surged on Tuesday on expectations that China’s strict COVID-19 controls could be eased, but concerns that OPEC+ would keep its output unchanged at its upcoming meeting limited the trading day’s gains.Brent crude futures settled at $84.84 per barrel versus the previous closing price $83.21. WTI crude oil futures …

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