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On Wednesday, US oil prices recovered from their 5% losses in the previous session. The growing oversupply concerns have an adverse impact on the market. US crude increased by 0.8%, at $46.24 per barrel. Brent climbed up by 0.85%, at $56.75 per barrel. ONADA’s Head of Trading for Asia-Pacific commented that the present market conditions will make the oil prices suffer in future.
