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US crude oil futures climb $1 as dollar index weakens

Reuters     March 24, 2020

U.S. crude oil futures CLc1 climbed more than $1 on Tuesday as the dollar index weakened and hopes grew of a detente in the price war between producers Saudi Arabia and Russia.

U.S. crude rose $1.05 to $24.41 as of 2334 GMT.

"However volumes are terrible, they're very low, so this is not a high confidence move," CMC Markets and Stockbroking chief market strategist Michael McCarthy said.

Also read: Why rupee is falling despite high forex reserves?

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