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Tuesday, February 25th, 2020

Oil edges up despite rising US output

by December 20, 2017 General

SINGAPORE – Oil markets edged up yesterday as the Forties pipeline outage in the North Sea and voluntary production restraint led by Opec supported crude, although soaring output in the United States put a cap on gains.

US West Texas Intermediate (WTI) crude futures were at US$57,30 a barrel at 03h19 GMT, up 14 cents from their last settlement.

– Nampa-Reuters