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Oil Oil, OPEC + talks have not reached an agreement to increase supply with Investing.com
By Doris Yu
Investing.com – Oil was in Asia on Tuesday morning after failing to reach an agreement to increase fuel production in August after trading days. It rose 0.38% to $ 77.45 at 22:19 ET (02:19 GMT) and rose 2.06% to $ 76.72.
Investors are waiting for the U.S. crude oil supply later today.
In the face of demand, the economic recovery of COVID-19 in key markets, including China and the US, is increasing fuel demand and draining the accumulation of inventories. The American Petroleum Institute in June asked OPEC + to maintain market balances amid higher global fuel demand.