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Oil prices increase amid improved demand outlook, Middle East events

Oil prices increase amid improved demand outlook, Middle East events
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Oil Gains on Upbeat Manufacturing Data, Escalating Middle East Tensions

Oil Gains on Upbeat Manufacturing Data, Escalating Middle East Tensions
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Oil gains on expectations for higher demand and as Middle East concerns rise - Markets

Oil prices rose on Tuesday, underpinned by signs that demand may improve China and the US, the world’s biggest oil.

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Oil gains on upbeat manufacturing data, escalating Middle East tensions

Oil prices gained in early Asian trading on Tuesday, underpinned by signs of improved demand and escalating Middle East tensions that had sparked a rally in U.S. futures to a five-month high in the. -April 01, 2024 at 09:00 pm EDT - MarketScreener

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Oil Gains on Expectations for Higher Demand and as Middle East Concerns Rise

Oil prices rose on Tuesday, underpinned by signs that demand may improve China and the US, the world's biggest oil consuming nations, and growing concerns of a widening conflict in the Middle East that could affect supply from the region. Brent futures for June delivery rose 41 cents to $87.83 a barrel by 0440 GMT. US West Texas Intermediate (WTI) crude futures for May rose 41 cents to $84.12 a barrel, after reaching its highest close since Oct. 27 in the previous session.

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