Oil prices rise as global economic concerns ease

Oil prices settled on Wednesday, after data showed a decline US crude oil and fuel stocks exceeded expectations last week, after an optimistic tone from the US President Donald Trump regarding the upcoming talks with his Chinese counterpart, which contributed to allaying economic fears.
Brent crude futures rose 52 cents, or 0.8%, to reach $64.92 per barrel upon settlement.
While US West Texas Intermediate crude futures rose 0.6%, equivalent to 33 cents, to reach $60.48.

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