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Oil prices steady on signs of output cuts
May 19, 2020
Source: Reuters

Oil prices steady on signs of output cuts

Brent crude climbed $0.85, or 2.4%, to $35.66 a barrel, after touching its highest since April 9. WTI crude was up $1.30, or 4.1%, at $33.12 a barrel, after hitting its highest since March 16. Oil prices were mixed, with Brent pulling back from an early gain on profit-taking, while WTI crude extended its rally amid signs that producers are cutting output as promised.

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