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Oil edges up as storm hampers U.S. supply, glut forecasts weigh

A oil pump is seen at sunset outside Scheibenhard
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NEW YORK (Reuters) - Oil futures edged up on Friday as U.S. Gulf of Mexico crude output was halved by disruptions caused by a tropical storm, but concerns over a global surplus in the months ahead limited gains. Brent crude futures were up 31 cents to $66.83 a barrel by 11:21 a.m. EDT (1521 GMT). U.S. West Texas Intermediate (WTI) crude futures gained 16 cents at $60.36 a barrel.Brent has climbed..
Date Published: Jul 12, 2019
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