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Oil prices extend June surge as Russia signals intent to stick with OPEC+ production curbs

July 1, 2019


U.S. oil prices snapped back with modest gains Monday, building on the more than 9% jump for the month of June, as major producers said they’ll hold back in pushing more oil onto the global market.

August West Texas Intermediate crude CLQ19, +2.84% was up $1.53, or 2.6%, to $60 a barrel on the New York Mercantile Exchange.

International benchmark September Brent BRNU19, +2.64% was up $1.65, or 2.6%, at $66.43 a barrel. Prices on a front-month contract basis were up 3.2% for June, according to Dow Jones Market Data.

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