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Oil prices rise following sharp drop on Tuesday
Oil prices rebounded on Wednesday after losing over 2% in the previous session, driven by a drawdown in US crude inventories. Brent crude futures were up 25 cents to $79.80 a barrel while US benchmark WTI rose around 0.2% to trade at $75.70. Investors have been see-sawing between potential supply losses from Libya amid political concerns and worries about global fuel demand. Prices are bouncing back from Tuesday's decline, which snapped a three-day streak of gains of more than 7%, as concerns about low refinery profit margins weighed on expectations for fuel demand as data showed global consumption growth has been lower than forecast this year.
August 28, 2024
More Videos
We Have a Dream: Building a More Inclusive World | Storyteller | Trailer
All Inclusive | Storyteller | Trailer
The Last Town: The Other Side of Silicon Valley | Storyteller | Trailer
What would a future Palestinian state look like?
What steps are needed to back Palestine’s recognition?
Who or what is driving the war in Sudan?
Drone sightings force closure of Copenhagen and Oslo airports
France becomes fourth UNSC member to recognise Palestine State
Who could unify the Palestinians after international recognition?
UK, Canada, Australia and Portugal recognise State of Palestine



