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Saudi tensions, bleak demand outlook lift oil prices

Brent crude was up 80 cents at $81.23 per barrel in early trading today after reaching a high of $81.92 per barrel, while West Texas Intermediate rose to $71.94 per barrel, a 60-cent increase. Oil prices were propped up by supply worries stemming from tensions between the US and Saudi Arabia over the disappearance of a Saudi journalist coupled with the International Energy Agency's expectations for lower global oil demand in 2018 and 2019

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