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Oil price revival is likely a false dawn

Oil markets started the week on an optimistic upswing, with prices for both global oil benchmark Brent crude and US benchmark West Texas Intermediate (WTI) rising to their highest prices in over two months. On Monday, Brent futures for July delivery rose some US$2.31, or 7.1%, to settle at US$34.81 a barrel, while WTI crude […]