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Author: Tan KW   |   Latest post: Tue, 21 May 2019, 8:01 AM

 

Oil dips on swelling US supply, but mood upbeat on trade hopes

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SINGAPORE: Oil prices dipped on Thursday on swelling U.S. supply, although the mood in global markets was increasingly confident amid hopes the United States and China may soon end trade disputes that have undermined global economic growth.
 
U.S. West Texas Intermediate (WTI) crude oil futures <CLc1> were at $51.93 per barrel at 0033, down 43 cents, or 0.8 percent, from their last settlement. 
 
 - Reuters
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