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Oil futures end higher after 5 consecutive sessions of declines


Wednesday, 15 January 2020 03:12 WIB

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Oil futures edged higher on Tuesday, scoring their first climb in six sessions, as worries about potential global supply disruptions continued to ease but geopolitical risks remained.

Traders will now focus on weekly U.S. petroleum supply data due later Tuesday from the American Petroleum Institute and from the Energy Information Administration early Wednesday. On average, the EIA is expected to report a rise of 500,000 barrels in U.S. crude stocks for the week ended Jan. 10, according to analysts surveyed by S&P Global Platts.

February West Texas Intermediate oil tacked on 15 cents, or 0.3%, to settle at $58.23 barrel on the New York Mercantile Exchange.

Source : MarketWatch


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