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Crude oil jumped on revived confidence on demand outlook

Crude oil jumped on revived confidence on demand outlook



International benchmarks for crude oil jumped more than 2% on Tuesday, 10 August 2021 as traders were confident that economic growth would remain strong even with the rapid spreading of the Delta variant. 

Brent for October settlement gained $1.59 to $70.63/barrel.

WTI jumped $1.81 to close at $68.29/barrel.