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Oil rose more than 5% on dollar weaknessOil rose more than 5% on dollar weakness |
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International benchmarks for crude oil rebounded on Monday, 23 August 2021 following seven straight sessions of weakening on the back of the weaker dollar that made commodities traded in this currency more appealing to international investors.
Brent jumped $3.57 or 5.5% to end the session at $68.75/barrel.
WTI rose $3.5 or 5.6% to close at $65.64/barrel.
