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September 12, 2024 7:23 PM

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Crude oil price increases

Crude oil prices increased today extending a rebound propelled by concern over Hurricane Francine’s impact on the US output. In the global crude market, Brent crude was trading 1.22 percent up to trade at 71 dollars and 47 cents per barrel and the U.S. West Texas Intermediate (WTI) was trading nearly one and half percent up at 68 dollars and 24 cents per barrel, when reports last came in.