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Oil climbs as hurricane shuts U.S. output, bouncing back from 5% slide overnight

October 28, 2020
U.S. West Texas Intermediate (WTI) crude futures rose 29 cents, or 0.8%, to $37.68 a barrel at 0120 GMT, while Brent crude futures rose 25 cents, or 0.6%, to $39.37 a barrel. Signs of a growing global supply glut and a second wave in the coronavirus pandemic sent prices tumbling in the previous session, but market watchers said technical support levels were a factor in trading on Thursday.

from Markets-Economic Times https://ift.tt/3e47jT7

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