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Oil prices climb as supplies tighten, demand outlook improves

Updated : April 01, 2019 08:36 PM IST

US West Texas Intermediate (WTI) futures were up 85 cents, or 1.4 percent, at $60.99 by 10:30 a.m. ET (1430 GMT), after reaching their highest in more than four months at $61.15. WTI gained 32 percent in the first quarter.
Brent crude for June delivery was up 93 cents, or 1.4 percent, at $68.51 after rising by more than a dollar in earlier trading and gained 27 percent in the January-March period.
Analysts have turned cautiously optimistic on the oil market, a monthly Reuters poll showed on Friday, lifting their forecast for the average Brent price in 2019 for the first time in five months to $67.12.
Oil prices climb as supplies tighten, demand outlook improves

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