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Oil Prices Rise 1% After 3 Weeks Of Losses
(MENAFN- The Peninsula)
QNA
Singapore: Oil prices rose about one percent at the start of trading on Monday.
Brent crude futures rose 72 cents, or 1.02 percent, to $71.30 a barrel. West Texas Intermediate (WTI) crude futures also rose 72 cents, or 1.1 percent, to $67.90 a barrel.
Oil prices had risen slightly last week, ending a three-week losing streak, due to concerns about a global economic slowdown caused by escalating trade tensions between the United States and other countries.
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