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Oil prices firms after two days of losses; eyes on Trump address

Updated : February 06, 2019 10:22 AM IST

US West Texas Intermediate (WTI) crude futures were at $53.76 per barrel at 2338 GMT, up 10 cents, or 0.2 percent, from their last settlement. They closed down 1.7 percent on Tuesday.
Global economic worries have weighed on market sentiment in recent days, offsetting support from signs that global supplies are tightening.
US sanctions on Venezuela have been viewed as supportive for prices by helping tighten global supplies.

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