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2023-09-02 14:17:54
Brent crude rose above $87 yesterday, supported by tight supplies.
It is widely expected that Saudi Arabia will extend a voluntary cut in oil production by one million barrels per day to October.
Brent crude rose regarding 3% last week, while the price of US West Texas Intermediate crude rose 5%.
During trading, Brent rose 98 cents, or regarding 1.1%, to 87.81 dollars, while West Texas Intermediate crude rose 95 cents, or the equivalent of 1.1%, to 84.58 dollars a barrel. – Archyde.com
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