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Oil prices climb after tumble on hint markets stabilizing by www.expertcommodity.com Oil prices rebounded on Wednesday after falling for the past three sesssions with worries about oversupply and a slowing global economy keeping markets under pressure though sentiment may be shifting as falling equity markets seemed to stabilize. West Texas Intermediate futures (WTI) climbed 4 cents cents, or 0.09 percent, to $46.28 per barrel, after plunging 7.3 percent the day before in a session when it touched its lowest since August 2017. Global benchmark Brent crude futures rose 0.4 percent, or 23 cents, at $56.49 per barrel. It dropped 5.6 percent on Tuesday, at one point hitting a 14-month low. WTI prices are holding as "traders look for some solace in U.S. equity markets as risk sentiment appears to be stabilising," said Stephen Innes, head of trading for Asia-Pacific at OANDA. Click Here: www.expertcommodity.com "But we are far rem...
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