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Oil market shrugged off economic concerns to settle higherOil market shrugged off economic concerns to settle higher |
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International benchmarks for crude oil defied the concerns over the aggressive stance from the Federal Reserve in lifting interest rates and China double-down on ‘Zero Tolerance’ COVID-19 policies, to close higher on Thursday, 5 May 2022.
Brent added 76 cents to close at $110.90/barrel.
WTI gained 45 cents to settle at $108.26/barrel.
