Oil rebounded from a weak start on Tuesday as worries over tight inventories underpinned prices, although optimism was limited by fears over demand following a pickup in COVID-19 cases in Europe. Brent futures added 96 cents, or 1.2%, to$ 83.01 a barrel, as of 0712 GMT, while U.S. West Texas Intermediate( WTI) crude climbed 80 cents, or 1%, to$ 81.68 a barrel." At these oil prices, supply is going to grow but it might take six months and inventories have come down so low....
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2021-11-16 00:00:00.0