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Oil Mixed on Tighter Supply, Surge in U.S. Virus Cases

Monday, 6 July 2020 19:04 WIB Minyak WTI Brent Oil,

Oil prices were mixed on Monday, with Brent crude edging higher, supported by tighter supplies and positive economic data, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb demand in the United States. Brent crude LCOc1 was up 40 cents, or 1%, to $43.20 per barrel by 10:42 GMT. U.S. West Texas Intermediate (WTI) crude CLc1 was down 9 cents, or 0.2%, at $40.56. In the first four days of July alone, 15 U.S. states have reported record increases in new cases of COVID-19, which has infected nearly 3 million Americans and killed about 130,000, according to a Reuters tally. However, Brent found some support as investors expected a string of...

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