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Oil prices climbed today on the back of OPEC-led supply cut and tensions in the Middle East. Brent crude futures gained 1.1%, to $68.50 per barrel. US WTI crude futures, on the other hand, were priced 1.1% higher than their last close, at $58.54 per barrel. However, oil prices couldn’t recover from the huge decline earlier this week, keeping crude futures on track for biggest weekly losses in 2019.
