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April 22, 2021, 2:58 p.m. EDT

Oil futures give up early losses to finish with a modest gain

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    Crude Oil Jun 2021 (CLM21)

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By Myra P. Saefong

CLM21

Oil futures shook off early losses on Thursday to finish slightly higher. "Despite the pessimism seen this week, the overall oil demand remains robust in two of the largest oil markets, the U.S. and China," said Manish Raj, chief financial officer at Velandera Energy. Also, "despite the rapidly rising cases in India, economic activity, road traffic and energy consumption remains well above the levels seen last year," he said. June West Texas Intermediate crude /zigman2/quotes/209724872/delayed CLM21 -0.26% inched up by 8 cents, or 0.1%, to settle at $61.43 a barrel on the New York Mercantile Exchange, after trading as low as $60.61.

/zigman2/quotes/209724872/delayed
US : U.S.: Nymex
$ 65.32
-0.17 -0.26%
Volume: 541.00
May 18, 2021 7:07p
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