Oil climbs as US reduces its production forecasts for the next 2 years

Oil climbs as US reduces its production forecasts for the next 2 years

Business Insider

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· *Oil surged Tuesday after the Energy Information Administration lowered its production forecasts for 2020 and 2021. *
· *West Texas Intermediate crude oil gained as much as 8.7% on Tuesday to $26.23 a barrel. International benchmark Brent crude jumped as much as 3.6%, to $30.70 per barrel.*
· *Oil prices have...

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