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Oil futures end with strong gains

Oil futures end with strong gains

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Oil futures finished with strong gains Tuesday, with the U.S. benchmark taking back a big chunk of a two-day drop inspired by worries over a potential hit to demand as a result of the spread of the omicron variant of the coronavirus that causes COVID-19. West Texas Intermediate crude for February delivery CL00, +3.75% CLG22, +3.75% rose $2.51, or 3.7%, to close at $71.12 a barrel on the New York Mercantile Exchange.

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