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2022 February 9   09:14

Crude oil prices rise on reduction of reserves

Oil prices rose by 0.41%-0.44%

As of 9 February 2022, 08:00 (UTC+3), Brent Crude futures for April settlement were trading 0.44% higher at $91.18 a barrel on the London-based ICE Futures Europe Exchange.

Light Sweet Crude (WTI) futures for March delivery on the New York Mercantile Exchange rose by 0.41% to $89.74 a barrel.

Crude oil prices are increasing driven by data on reduction of US reserves.

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