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Oil prices on Monday clawed back some losses from a nearly 8-percent plunge the previous session, but Brent failed to hold above $60 per barrel amid generally weak financial markets.
Front-month Brent crude oil futures (LCOc1) had risen by 96 cents, or 1.6 percent, to $59.76 per barrel by 0745 GMT.
U.S. West Texas Intermediate (WTI) crude futures (CLc1) were up 62 cents, or 1.2 percent, at $51.04 per barrel.
The gains partly made up for Friday’s selloff, which traders have already dubbed ‘Black Friday’.
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