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WTI Slips After Briefly Hitting $70/bbl

OIL

Oil is lower in Asia-Pac trade on Monday on the back of a stronger USD and some profit taking; WTI retreating slightly after earlier rising above $70/bbl for the first time since October 2018. WTI is down $0.17 from settlement levels at $69.45 while Brent is down $0.24 at $71.65. Crude futures rose around 4% last week, and have risen in five out of the last six weeks.

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