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Oil futures settle sharply higher amid tight supplies at the U.S. storage hub

Oil futures settle sharply higher amid tight supplies at the U.S. storage hub

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Oil futures rallied Wednesday, with U.S. prices recouping much of their recent losses to finish back above the $70-a-barrel mark. Prices have rebounded after suffering a steep drop on Monday of more than 7%, the biggest daily decline of the year as the spread of the delta variant of the coronavirus threatened the outlook for oil demand.

...read full article on Market Watch

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