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Oil prices rose by virus vaccine hopes
July 21, 2020
Source: Reuters

Oil prices rose by virus vaccine hopes

Oil prices rose on Tuesday, helped by positive news about vaccine trials and a European Union stimulus deal reaching levels last seen when an oil price war erupted in early March between Russia and Saudi Arabia. Benchmark Brent crude was up $1.17 cents at $44.45 while West Texas Intermediate (WTI) gained 19 cents to $41.00. Oil prices were supported by promising virus vaccine data released on Monday.

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