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Crude oil prices edge up ahead of demand estimates

12 Mar 2024 8:07 am
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Mumbai, 12 Mar (Commoditiescontrol): Crude oil prices gained in early Asian trading, but price moves were limited as the market waited for monthly reports from oil agencies.

Brent futures for May delivery rose 23 cents to $82.44 a barrel. The U.S. crude April contract rose 17 cents to end at $78.10 a barrel.

Prices had been mostly unchanged on Monday as oil supply concerns tied to ongoing fighting in the Middle East eased.

Israel was checking on Monday if it had killed Hamas's deputy military leader in an airstrike in Gaza, as prospects faded for a ceasefire during the Muslim holy month of Ramadan. But the war has not led to significant supply disruptions.

(By Commoditiescontrol Bureau: 09820130172)


       
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