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11.01.2019 17:39

Oil prices climbed Friday after nine consecutive sessions of gains, amid receding concerns over global oversupply and macroeconomic risks to global growth

  • Brent crude -- the global oil benchmark -- was trading up 0.9%, at $62.22 a barrel, on London's Intercontinental Exchange.

  • West Texas Intermediate futures, the U.S. oil standard, were up 1%, at $53.12 a barrel, on the New York Mercantile Exchange.

Market focus

  • Eurozone PMI falls in March as manufacturing downturn deepens
  • Germany output growth at near six-year low as manufacturing downturn deepens
  • Chinese Premier Li stresses implementation of larger-scale tax cuts
  • Euro area current account surplus increased in January compared with December.
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