US oil prices end above $50 for first time since July

GMT 21:39 2016 Tuesday ,07 June

Arab Today, arab today US oil prices end above $50 for first time since July

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US oil prices finished above $50 a barrel for the first time since July on Tuesday as a tightening supply picture and a weaker dollar further boosted the commodity.

US benchmark West Texas Intermediate for July delivery rose 67 cents to $50.36 a barrel on the New York Mercantile Exchange, capping a rally from the low near $25 a barrel in February.

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