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Oil Rallies towards $73 on Tight US Supplies, Biden-Xi Call
Aggregated Source: ChinaLegalBlog.com

Oil rose towards $73 a barrel on Friday, supported by growing signs of supply tightness in the United States as a result of Hurricane Ida and as US-China trade hopes gave riskier assets a boost. About three-quarters of the US Gulf’s offshore oil production, or about 1.4 million barrels per day, has remained halted since late August, said Reuters.…

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