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Oil rises on likely OPEC+ output cuts
Feb. 7, 2020
Source: Reuters

Oil rises on likely OPEC+ output cuts

The international market felt a sign of relief after Russia backed OPEC's recommendation to deepen output cuts. The coronavirus epidemic in China has led to a steep decline in the demand for crude. On Friday, oil prices rose on the back of Russia's support. Brent increased by 0.6% and was traded at $55.27 a barrel. WTI went up by 0.5% and was traded at $51.23 a barrel.

   Read More About : Brent Price China Oil Prices Russia WTI
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