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Oil Prices Rise After US Government Shutdown Deal Boosts Risk

Oil Prices Rise After US Government Shutdown Deal Boosts Risk

Brent crude December futures rose 49 cents and WTI crude futures 55 cents on Monday morning during the last-minute deal to avoid a US government shutdown that boosted investor risk confidence

The rise failed to recover the losses at the end of last week.

Still, both benchmarks bumped around 30% in Q3 on the back of expected supply deficits following the extension of production cuts by OPEC+ members Russia and Saudi Arabia.

Four OPEC+ sources told Reuters the group is unlikely to change its policies when its Joint Ministerial Monitoring Committee meets on Wednesday.

VATTAJ NEWS


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