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Oil prices traded in narrow range on rise in US inventories

Thu 17 Dec 2020, 10:48:24

Oil prices yesterday traded in a narrow range on a rise in US inventories and concerns about fuel demand amid lockdowns in some parts of Europe to counter the coronavirus pandemic.

In intra-day

trade, Brent crude prices were trading around 50 dollars and 80 cents per barrel while WTI crude prices were around 47 dollars and 70 cents per barrel.

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