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Crude hit 33-month high on tighter supply outlookCrude hit 33-month high on tighter supply outlook |
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International benchmarks for crude oil surged to the highest levels in more than two and a half years on Tuesday, 13 July 2021 after the Energy Information Agency (EIA) said that the market should expect tighter supply as a result of OPEC+ disagreement on the production output.
Brent rose $1.33, or 1.8% to settle at $76.49/barrel.
WTI rose $1.15, or 1.6% to $75.25/barrel.
