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Recovering of oil price above $ 50
Posted On 04 Aug 2015
On Tuesday the price of oil bounced back above 50 dollars after hitting six-month lows in the previous session.
At 09:55 GMT, Brent crude added 79 cents to settle at $ 50.31, and barrel in the US gained 75 cents to settle at $ 45.92. Brent crude fell to $ 49.36 at one point on Monday, its weakest point since January 30.