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Oil prices rise after surprise drop in US crude inventories

Fri 31 Jul 2020, 10:25:56

Oil prices yesterday rose after a surprise drop in U.S. crude inventories, but demand concerns amid record increases in COVID-19 infections in some U.S. states capped

gains.

In intra-day trade, Brent crude prices were trading around 43 dollars per barrel while WTI crude prices were around 40 dollars and 50 cents per barrel.

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