Oil at 2-month High on Am­ple Sup­plies

The Economic Times - - Finance & Commodities -

Oil traded near $53 a bar­rel on Tues­day, close to a two-month high, sup­ported by signs that a per­sis­tent in­ven­tory glut is start­ing to ease and strong global de­mand, although stronger Opec pro­duc­tion kept a lid on gains. Brent crude was down 9 cents at $52.63 a bar­rel at 1024 GMT.

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