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U.S. WTI crude closed up 3.1% on Wednesday, rising for the fifth straight day

 Last Update: 2023-02-01
 Source: Internet
 Author: User

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In the early morning of the 12th Beijing time, U.
S.
WTI crude oil futures closed higher on Wednesday and recorded the fifth consecutive trading day of gains
.

Troy Vincent, senior market analyst at DTN, said: "Expectations of a strong rebound in oil demand, concerns that the upcoming G7 action could constrain supply in the future, and a weaker US dollar are providing support to oil prices this week
.
" ”

West Texas Intermediate (WTI) futures, the benchmark U.
S.
crude for February delivery, rose $2.
29, or nearly 3.
1 percent, to settle at $
77.
41 a barrel on the New York Mercantile Exchange.

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