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U.S. oil higher upon weak production

ArgusFX

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U.S. oil trades near 2-week highs

Today, U.S. oil traded near 2-week highs, amid the news this week reporting that oil production dropped resuming to support the commodity's level of demand.

U.S. crude futures at $45.33

The U.S. crude futures for delivery in August were at $45.33 having climbed 0.89%, near Thursday's $45.44.

Brent for delivery in September, on the ICE Futures Exchange in London, reached $48.02 a barrel gaining 0.82%.

Gold prices trade lower

Gold prices aimed lower with the metal's futures for delivery in August on the New York Mercantile Exchange on the Comex division trading to $1,244.91 easing 0.08%.

Copper futures for September reached $2.713 a pound gaining 0.65%, and silver futures for July approached $16.600 a troy ounce adding 0.11%.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/u.s.-oil-higher-upon-weak-production
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