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1/11, 1:41 PM (Source: TeleTrader)
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Oil prices up by over 1% ahead of API's report

The prices of oil saw a rise on Tuesday, going up by more than 1% after experiencing losses the day before.

The increase comes ahead of the American Petroleum Institute's (API) newest report on the United States' stocks of the commodity.

West Texas Intermediate (WTI) for deliveries in February gained 1.29% at 7:26 am ET to go for $79.45 per barrel. Brent for settlements in March expanded by 1.28% at 7:29 am ET to sell for $82.04 per barrel.

Baha Breaking News (BBN) / JR