CRUDE OIL NEWS REPORT BY SPIDERSIGNALS.COM

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Oil prices rebounded on Tuesday on expectations that inventories in the United States may decline,
but increasing U.S. production and concerns that OPEC may raise output continue to weigh on sentiment.
Brent crude futures (LCOc1) added 25 cents, or 0.33 percent, to $75.53 a barrel by 0717 GMT,
after settling down 2 percent at $75.29 on Monday.
U.S. West Texas Intermediate (WTI) crude (CLc1) was up 44 cents, or 0.68 percent, at $65.19 a barrel.
It finished the previous session 1.6 percent lower at $64.75.
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