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Abstract
">July 7 (Reuters) — Oil prices surged on Thursday, rebounding from steep losses the previous two sessions, as investors returned their focus to tight supply despite nagging fears of a potential global recession.</p><p id="6ab6">Brent crude fu
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tures were up 5.39, or 5.4%, at 106.08 a barrel by 12:23 p.m. EDT (1623 GMT). U.S. WTI crude futures climbed 5.61, or 5.7%, to 104.14 a barrel.</p><p id="d019">Trade was volatile. At session lows, prices were down about</p></article></body>
July 7 (Reuters) — Oil prices surged on Thursday, rebounding from steep losses the previous two sessions, as investors returned their focus to tight supply despite nagging fears of a potential global recession.
Brent crude futures were up $5.39, or 5.4%, at $106.08 a barrel by 12:23 p.m. EDT (1623 GMT). U.S. WTI crude futures climbed $5.61, or 5.7%, to $104.14 a barrel.
Trade was volatile. At session lows, prices were down about
