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Oil futures settle higher, but U.S. prices fall short of reclaiming $40 mark

Christel Deskins 2 years ago
Oil futures settle higher, but U.S. prices fall short of reclaiming $40 mark

Oil futures gained on Wednesday as U.S. crude supplies declined for a second week in a row, but U.S. benchmark prices fell short of reclaiming the $40 mark, with coronavirus-related lockdowns in Europe raising expectations for weaker energy demand. Natural-gas futures, meanwhile, rallied by nearly 16%, with traders focused on […]

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