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The decision of keeping oil supplies tight by Saudi Arabia and the withdrawal of tariff threat by the US against Mexico led to the increase in oil prices on Monday. Brent went up by 0.5% and was traded at $63.61 per barrel. WTI increased by 0.6% and was traded at $54.32 per barrel. However, the market is still skeptical of the growth due to the looming trade war between the US and China.
