Oil climbs to 13-month highs on output cuts, demand recovery hopes

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Oil prices edged up to their highest in 13 months on Tuesday as supply cuts by major producers and optimism over fuel demand recovery support energy markets.

FILE PHOTO: A worker collects a crude oil sample at an oil well operated by Venezuela's state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS/Carlos Garcia Rawlins

Both Brent and WTI are at their highest since January 2020. Front-month prices for both contracts are up for the seventh session on Tuesday, the longest win streak since January 2019.

 

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Yeah. When I think of oil, I think of hope.

Producers don’t like the current price of oil. Solution: cut supply If this isn’t an egregious example of market manipulation then I don’t know what to believe anymore

In Mandalay, two tear gas canisters were fired, a water cannon was used and police pulled protester off the motorcycle.

Oil is going byebye! And all the demon Pubs and Dems who keep the black snake well fed! Ye demons of shame!!

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2000 - TechBubble 2008 - HousingBubble This time we hv both... Thanks to the FED

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