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Oil bolstered on strong demand outlook, limited supply

Oil bolstered on strong demand outlook, limited supply



International benchmarks for crude oil surged 1% on Friday, 15 October 2021 as easing travel restrictions are expected to boost demand moving forward while global supply remains tight.

Brent gained 86 cents or 1% to close at $84.86/barrel.

WTI rose 97 cents, or 1.2% to $82.28/barrel.