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Oil prices slip, but tightening supply outlook supports

Updated : February 04, 2019 07:59 AM IST

US West Texas Intermediate (WTI) futures were at $55.06 per barrel at 0122 GMT, down 20 cents, or 0.36 percent, from their last settlement. WTI settled 2.73-percent higher in the last session at its strongest closing level since Nov. 19.
International Brent crude oil futures on Monday were down 24 cents, at $62.51 a barrel, after closing up 3.14 percent in the previous session at their highest since Nov. 21.
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