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Oil ends higher on Tuesday

Oil ends higher on Tuesday

Mubasher: Oil futures settled higher on Tuesday, as a weekly decline in US crude supplies is likely.

August Nymex WTI rose $0.17, or 0.3%, to close at $57.83 per barrel.

The Energy Information Administration (EIA) is expected that US stockpiles’ would decline by 2.1 million barrels for the week ended 5 July, an analyst at IHS Markit said, according to Market Watch.