A slight rise in oil prices after sharp losses

Capitals, June 17 / WAM / Oil prices rose slightly at the beginning of trading on Wednesday, compensating for part of the losses recorded during the previous session.

Brent crude futures rose 47 cents, or 0.6 percent, to $79.43 per barrel, while US West Texas Intermediate crude rose 48 cents, or 0.6 percent, to $76.53 per barrel by 00:38 GMT.

The two benchmarks fell by about 5 percent yesterday, Tuesday, recording their lowest levels in three months for the second session in a row.

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