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Oil inches up as demand recovery seen tightening supply through 2021

Brent crude gained 50 cents to $72.73 a barrel by 11:10 a.m. EDT (1510 GMT)

Prices for four of Aramco’s five Asian grades were increased, with the only drop coming for heavy crude.
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Reuters
Oil prices inched up on Thursday, extending gains made in previous sessions on expectations of tighter supplies through 2021 as economies recover from the coronavirus crisis.

Brent crude gained 50 cents to $72.73 a barrel by 11:10 a.m. EDT (1510 GMT), after rising 4.2% in the previous session. U.S. West Texas Intermediate (WTI) crude added 40 cents to $70.70 a barrel, after gaining 4.6% on Wednesday.
 
"Some soft spots have emerged in the oil demand recovery, but this is unlikely to change the outlook fundamentally," Morgan Stanley said in a note.
 
Members of the Organization of the Petroleum Exporting Countries and

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