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Oct. 12, 2021, 2:46 p.m. EDT

U.S. oil futures score back-to-back settlements above the key $80 mark

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By Myra P. Saefong

U.S. oil futures settled above $80 a barrel on Tuesday for a second consecutive session, but global benchmark Brent crude ended the day modestly lower after the International Monetary Fund said the global economy is losing momentum. "Oil price volatility remains elevated as investors await to see how the global energy crisis unfolds," said Edward Moya, senior market analyst at Oanda. West Texas Intermediate crude for November delivery rose 12 cents, or nearly 0.2%, to settle at $80.64 a barrel on the New York Mercantile Exchange. December Brent crude lost 23 cents, or 0.3%, to settle at $83.42 a barrel on ICE Futures Europe.

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