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Oil Prices Rise by Nearly 4%, and
Brent Crude Closes at USD 61.69 a Barrel
02 November 2019
Oil prices rose nearly by 4% on Friday,
supported by signs of progress in US-China trade talks and
stronger-than-expected economic data in both countries,
including the US jobs and Chinese factories’ activities.
Brent crude futures ”International
measurements” ended the session up by USD 2.07 (3.5%) to close
at USD 61.69 a barrel, however ending the week down by nearly
0.4%.
US West Texas Intermediate (WTI) crude
futures “American measurements” rose by USD 2.02 (3.7%) to
settle at USD 56.20 a barrel however, fell by 0.8% over the
week.
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