CRUDE OIL NEWS UPDATED BY TRADELINE COMMODITY

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Oil costs push higher, yet monetary stresses loom

Oil costs recouped some ground on Wednesday, supported by a more extensive market pickup on positive news from China’s administrations area, having contacted their most minimal in near a month during the past session on fears over the debilitating worldwide economy.

Brent rough (LCOc1) was up 31 pennies, or 0.53%, at $58.57 a barrel by 0619 GMT, while U.S. West Texas Intermediate fates (CLc1) increased 34 pennies, or 0.63%, at $54.28 at barrel.

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