Oil heads for first monthly gain this year as supply tightens

Oil heads for first monthly gain this year as supply tightens

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Oil prices stayed steady on Friday with Brent poised for its first monthly gain this year, as a big drawdown in U.S. oil stocks outweighed concerns that fuel demand will be dented further by more interest rate rises. futures for September delivery rose 4 cents or 0.1% to stand at $74.54 as of 0631…

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