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Uncertainty amidst high oil prices
June 5, 2018
Source: Reuters

Uncertainty amidst high oil prices

Growing U.S. crude production and expectations of higher OPEC supplies continue to puzzle oil traders as oil prices elevate higher. Brent crude futures rose 0.2 percent, to $75.44 a barrel, while U.S. West Texas Intermediate (WTI) crude was up 0.4 percent, at $65.03 a barrel. The Vienna meet of OPEC is expected to result in increased production to ease the uncertainty over potential supply the shortfalls from Iran and Venezuela.

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