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Oil prices go up

Oil prices traded higher on Monday, set to recover much of what they lost last week, even as U.S.-China tensions lingered and rig activity in the U.S. pointed to production growth.
 
On the New York Mercantile Exchange, May West Texas Intermediate crude rose $1.34, or 2.2 per cent, to $63.40 a barrel. 
 
June Brent crude, the global benchmark, was up $1.35, or two per cent, at $68.46 a barrel.
                                               


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