


| Oil prices rise 1% on Saudi Aramco's upbeat demand view, Iraq output cut |
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MELBOURNE (Reuters) - Oil prices climbed on Monday, supported by Saudi optimism on Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shore up the U.S. economic recovery capped gains.
U.S. West Texas Intermediate (WTI) crude CLc1 futures rose 50 cents, or 1.2%, to $41.
Posted: 2020-08-10 06:28:00
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