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Jan 20, 2021
, 
7:28PM

Oil prices rise amid expectations from incoming US administration to lift fuel demand and draw down crude stocks

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Oil prices today rose amid expectations that the incoming U.S. administration will deliver massive stimulus spending that would lift fuel demand and draw down crude stocks.
 
In intra-day trade, Brent crude prices were trading around USD 56.40 per barrel while WTI crude prices were around USD 53.70 per barrel.
 

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