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Oil futures hold firm

Oil futures held steady on Tuesday, supported by US-Iran tensions and expectations of ongoing OPEC supply cuts but under pressure from concerns about a drawn-out trade war between Washington and Beijing.
 
Brent crude futures rose one cent to $71.98 a barrel while U.S. West Texas Intermediate (WTI) crude futures were unchanged at $63.21 a barrel, as the WTI contract for June delivery expired. 
 
The July contract was trading at $63.19 a barrel.


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