Oil prices rise as supply concerns dominate


  • World
  • Wednesday, 20 Jul 2022

NEW YORK, July 19 (Xinhua) -- Oil prices climbed on Tuesday as concerns over tight supplies gained the upper hand on the market.

The West Texas Intermediate for August delivery added 1.62 U.S. dollars, or 1.6 percent, to settle at 104.22 dollars a barrel on the New York Mercantile Exchange. Brent crude for September delivery increased 1.08 dollars, or 1 percent, to close at 107.35 dollars a barrel on the London ICE Futures Exchange.

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