Tag: covit
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Oil prices edge higher on output cuts, COVID-19 weighs
Crude oil prices rose on Tuesday, supported by production cuts in the U.S. Gulf Coast as Tropical Storm Laura was forecast to become a major hurricane. Also, rising coronavirus cases in Asia and Europe capped gains. Brent crude oil futures added 37 cents, or 0.82 per cent, to $45.50 a barrel by 1048 GMT and…