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October 29, 2024 7:23 PM

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Oil Prices Rise as US Plans to Boost Strategic Petroleum Reserve

Oil prices gained today, supported by the US plan to buy oil to boost its Strategic Petroleum Reserve. Brent Crude was trading 1.3 percent up at 72 dollars and 35 cents per barrel, and WTI Crude gained 1.4 percent to trade at 68 dollars and 32 cents per barrel, when the reports last came in.