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Oil rises to touch $52 after Trump signs aid bill – Arab News
WASHINGTON: Oil rose to hit $52 a barrel on Monday as US President Donald Trump’s signing of a coronavirus aid package and the start of a European vaccination campaign…
WASHINGTON: Oil rose to hit $52 a barrel on Monday as US President Donald Trumps signing of a coronavirus aid package and the start of a European vaccination campaign outweighed concern about weak near-term demand.
Europe, meanwhile, launched a mass vaccination drive on Sunday.
Brent crude was up 45 cents, or 0.9 percent, at $51.74 a barrel, after trading as high as $52.02 and reversing an earlier decline. US West Texas Intermediate (WTI) crude added 59 cents, or 1.2 percent, to $48.82.
The signing…
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