Oil prices bounce back on tight inventories but demand worries limit gains


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SINGAPORE, Nov 16 (Reuters): Oil rebounded from a weak start on Tuesday as worries over tight inventories underpinned prices, although optimism was limited by fears over demand following a pickup in Covid-19 cases in Europe.

Brent futures added 96 cents, or 1.2%, to US$83.01 a barrel, as of 0712 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 80 cents, or 1%, to US$81.68 a barrel.

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