Crude recovers some of Monday's losses

Source: WBP Online
© Scanpix/AFP
Crude oil futures surged on Tuesday, after prices dropped almost 4% during Monday's trading session. The WTI futures for September delivery rallied 0.9% to $45.58 a barrel, while the European Brent Crude advanced 0.6% to $49.78 a barrel by 7:20 AM GMT. Crude futures rose, as investors await weekly inventory data from the past week, which could have significant impact on the price movement.
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