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Sept. 28, 2020, 2:58 p.m. EDT

Oil futures end higher, even as demand concerns grow

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    Crude Oil Nov 2020 (CLX20)

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By Myra P. Saefong


Oil futures ended higher on Monday on the heels of last week's loss, finding some support as a possible oil workers' strike in Norway may lead to lower production, analysts said. Oil firms in Norway plan to close down 22% of the nation's oil and gas output if workers go on strike on Wednesday, Reuters reported Friday . Price gains for oil, however, were modest as traders continued to fret over the rise in global cases of COVID-19 and outlook for energy demand. November West Texas Intermediate crude /zigman2/quotes/209726999/delayed CLX20 +1.67% rose 35 cents, or 0.9%, to settle at $40.60 a barrel on the New York Mercantile Exchange.

US : U.S.: Nymex
$ 41.51
+0.68 +1.67%
Volume: 17,399
Oct. 20, 2020 2:29p

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