Oil Prices Rise To Two Week High


Oil prices rose to a two-week high extending a rally into a sixth straight session after a decline in weekly U.S. production eased concerns about deepening oversupply.

Crude prices slipped to the lowest in 10 months last week but have since rebounded more than 7 percent, stretching their bull-run to the longest since April.

Global benchmark Brent crude futures were up 35 cents at $47.66 cent a barrel.

U.S. West Texas Intermediate (WTI) crude was up 33 cents at $45.07 cent a barrel. It registered an intraday high of $45.24, also a two-week peak.


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