Following the sharp pullback seen in the previous session, the price of crude oil has moved back to the upside during trading on Wednesday.
Crude for May delivery has climbed $0.51 or 0.7 percent to $71.71 a barrel after falling $0.28 or 0.4 percent to $71.20 a barrel in Tuesday's session. With the rebound, the price of crude oil has reached a new five-week high.
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