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Markets

Russia's Novak says risks of uncertainty remain in oil market

  • Oil prices rose on Tuesday, with Brent hitting $71 and trading at its highest since March, on expectations for growing fuel demand during the summer driving season in the United States.
Published June 1, 2021

MOSCOW: Russia's deputy prime minister, Alexander Novak, on Tuesday said there were risks of high uncertainty in the oil market despite significant improvement from last year, the Interfax news agency reported.

Oil prices rose on Tuesday, with Brent hitting $71 and trading at its highest since March, on expectations for growing fuel demand during the summer driving season in the United States.

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