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8/16, 2:14 PM (Source: TeleTrader)
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Oil prices turn to gains ahead of API's report

The prices of oil futures turned to gains on Tuesday after previously recording losses ahead of the American Petroleum Institute's (API) newest weekly report on the stocks of crude oil in the United States.

Earlier, PJSC Gazprom projected that prices of gas will surpass the record $4 thousand per 1,000 cubic meters ahead of the forthcoming heating season in Europe.

West Texas Intermediate (WTI) for settlements in September advanced by 0.95% at 8:00 am ET to sell for $90.20 per barrel. At the same time, Brent for deliveries in October grew by 0.53% to go for $95.62 per barrel.

Baha Breaking News (BBN) / JR