Oil Up, But Oversupply Fears Remain…..CRUDE OIL NEWS HIGHLIGHTS BY ROYAL TRADERS

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Oil was up on Tuesday morning in Asia, staging a slight recovery from the previous day’s 2.9% fall. However, oversupply issues continue to dog the market with ever-rising COVID_19 number continuing to slash global demand.

Brent oil futures were up 0.19% to $41.80 by 11:38 PM ET (3:38 AM GMT) and WTI futures rose 0.23% to $39.52.

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