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Oil jumps back above $80 a barrel on mounting supply concerns

Updated : May 23, 2018 06:29 AM IST

Brent crude futures rose $1.19 to $80.41 a barrel, a 1.5 percent gain.
The U.S. government imposed new sanctions on Venezuela following Sunday’s re-election of President Nicolas Maduro.
Oil jumps back above $80 a barrel on mounting supply concerns
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