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Oil prices rose about 2% Monday, after suffering heavy losses last week, although the uncertainty surrounding the growth of the global economy and other signs overproduction has dampened earnings.
Futures in the global market increased by US $ 1.68 to $ 60.48 per barrel, up 2.9%.
While WTI rose $ 1.21, or 2.4%, to close at $ 51.63 a barrel.
Prices were at their lowest since October 2017 on Friday, due to growing concerns over a supply of crude oil. Brent fell to $ 58.41 per barrel, while WTI traded at $ 50.15 per barrel.
Prices were supported by crude stocks at Kacheng's Oklahoma delivery center, up 126,000 barrels from Tuesday to Friday, traders said, citing a Ginscape report.
However, fears over record demand and production in Saudi Arabia dampened the recovery on Monday.
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