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Oil prices face renewed selling pressure as a combination of hawkish Central Banks and rising recessionary fears weigh on prices. Is a retest of the YTD low on the cards?
Brent crude futures LCOc1 rose 73 cents, or 0.8%, to $90.76 a barrel by 0100 GMT. US West Texas Intermediate crude CLc1 was at $83.95 a barrel, up $1.13, or 1.4%. WTI's front-month contract expires on Thursday.