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Oil prices rise as global supply is tightening with lower exports from Saudi Arabia and Russia

Tue 22 Aug 2023, 10:16:40

Oil prices rose yesterday as global supply is tightening with lower exports from Saudi Arabia and Russia. This has risen concerns about global demand growth amid high interest rates.

In intra-day

trade, Brent crude was trading at 85 dollars and 45 cents per barrel. West Texas Intermediate crude price was at 82 dollars per barrel when reports last came in.

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