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Oil prices tick higher amid supply concerns

[ad_1] Global crude oil prices traded higher on Thursday, fuelled by ongoing supply concerns amid speculation that OPEC and its allies, including Russia, will maintain oil production cuts until a crucial meeting in June. At 1:10 pm, the May contract of Brent on the Intercontinental Exchange traded 0.4% higher at $86.43 a barrel, while West Texas Intermediate (WTI) futures rose 0.52% to $81.77 a barrel. The outlook for the…

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