• US Crude Oil Exports Rise to Record Levels, Inventories Rise
  • Recession fears appear to be easing – analyst
  • Western officials finalize Russian oil price cap plan

Oct 27 (Reuters) – Oil rose by more than $1 a barrel on Thursday, extending the previous day’s rally by almost 3% on optimism over record US crude exports and signs that recession fears are easing. concerns about weak demand in China prevailed.

The data showed record US crude exports, a hopeful sign for demand. EIA/ Speculation that key…

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