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On Wednesday, US oil prices rebounded after falling to the lowest since June 2017. The global economy is still a concern for the crude market in the longer run. WTI went up by 0.68% and was traded at $42.82 per barrel, while Brent crude futures dipped by 0.22% and were traded at $50.36 a barrel. As stated by a market analyst, Brent touching $50 is a psychological support.