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Oil jumps 2% as possible delay of US tariffs on Mexico boosts equities

Updated : June 07, 2019 01:28 PM IST

On Wednesday, Brent and WTI hit their lowest levels since mid-January at $59.45 and $50.60, respectively, after US crude production hit a new record high and stockpiles hit their highest since July 2017.
Brent crude futures settled at $61.67 a barrel, gaining $1.04, or 1.7 percent.

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