Wednesday, May 12, 2021
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Crude oil rises as key US fuel pipeline plans restart

NEW YORK: Oil prices settled higher on Monday after a major U.S. fuel pipeline said it could largely restart within the week after a cyberattack forced its shutdown. Potential U.S. demand growth boosted crude prices, offsetting fears that a resurgent coronavirus pandemic in India would cut demand in Asia. Colonial Pipeline,

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Crude oil rises, but gains capped by demand concerns

TOKYO: Oil prices bounced back early on Tuesday from drops in the previous session, but gains were seen likely capped by growing concern about fuel demand in India, the world's third-biggest crude importer now slammed by spiralling new coronavirus cases. Brent crude was up 26 cents, or 0.4%, at $65.91

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Crude oil price hits 13-month high supported by supply cuts, demand optimism

SINGAPORE: Oil prices advanced on Tuesday to their highest in 13 months, as supply cuts by major producers and optimism over a recovery in fuel demand support energy markets. Brent crude futures for April gained 50 cents, or 0.8%, to $61.06 a barrel by 0721 GMT. U.S. West Texas Intermediate

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