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Oil prices rose on Monday, Brent crude was up 46 cents at $46.27 a barrel. U.S. WTI crude was at $43.25 a barrel, up 28 cents. Prices hit highest in five months by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to pre-COVID levels. Higher oil and gas prices are also encouraging producers to resume drilling.
