Oil prices trim Middle East war risk-gains, China demand remains a worry [Yahoo! Finance Canada]
RAKUTEN GROUP INC S/ADR (RKUNY)
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Source: Yahoo! Finance Canada
Brent crude futures for December delivery were down 26 cents, or 0.3%, at $74.03 a barrel at 0046 GMT. U.S. West Texas Intermediate crude futures for November delivery were 2 cents lower at $70.54 a barrel on the contract's last day as the front month. The more actively traded WTI futures for December, which will soon become the front month, lost 23 cents, or 0.3%, to $69.81 per barrel. Both Brent and WTI settled nearly 2% higher on Monday, recouping some of last week's more than 7% decline, with no letup of fighting in the Middle East and the market still nervous about Israel's expected retaliation against Iran potentially leading to a disruption of oil supply. "Crude oil prices have been fluctuating in response to mixed news from the Middle East, as the situation alternates between escalation and de-escalation," Satoru Yoshida, a commodity analyst with Rakuten Securities. "The market is expected to rise if there are clearer signs of China's economic recovery, bolstered by B
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