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Oil prices extend rally as cautious trade-pact optimism provides a floor

November 27, 2019


Oil prices edged higher Wednesday, on a path for a fifth gain out of six sessions, as cautious optimism for a trade pact between the U.S. and China has propped up commodities prices and sent stock markets to records.

Crude-market gains came despite an unexpected rise in a weekly snapshot of U.S. supplies out late Tuesday ahead of official government data due Wednesday morning.

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