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Oil Up 1 Percent Amid Supply Cuts, But China Slowdown Weighs on Demand Outlook


Tuesday, 15 January 2019 13:56 WIB

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Oil prices rose by more than 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook may soon weigh on growth in fuel demand.

International Brent crude oil futures were at $59.80 per barrel at 0628 GMT, up 81 cents, or 1.4 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $51.21 per barrel, up 70 cents, or 1.4 percent.

Source : Reuters


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