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Crude Oil prices rise in global market on Tuesday

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Crude oil prices rose on Tuesday, supported by production cuts in the U.S. Gulf Coast as Tropical Storm Laura was forecast to become a major hurricane.

Brent crude oil futures added 37 cents, or 0.82 per cent, to $45.50 a barrel by 1048 GMT and U.S. West Texas Intermediate crude rose 15 cents, or 0.35 per cent to $42.77 a barrel.

 

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