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Oil rises again but global economic concerns cap gains

by_laila_kearney
Oil rises again but global economic concerns cap gains

Brent crude futures rose 24 cents, or 0.4 percent, to settle at $61.68 a barrel. West Texas Intermediate crude ended 23 cents, or 0.4 percent, higher at $52.59 a barrel, also its ninth straight day of gains, that beats a 2010 record. Global financial markets have climbed recently on hopes that Washington and Beijing would avert an all-out trade war.