Crude oil prices rebounded on Friday amidst global cheer at the stimulus measures rolled out by China. Concerns over firmer supply that had dragged down prices heavily during the week took backstage on Friday amidst overwhelming hopes of a demand rebound in China.
Brent Oil Futures for December settlement is currently trading at $71.34, having gained 0.35 percent from the previous close of $71.09. Prices had slipped more than 2 percent each on Wednesday and Thursday.
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