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Oil prices edged higher on Tuesday, helped by positive news about vaccine trials and a European Union stimulus deal but gains were capped by fears that new lockdowns could derail a recovery in demand.
Benchmark Brent crude was up 31 cents at $43.59, while West Texas Intermediate (WTI) gained 19 cents to $41.00. The closing prices of both have traded within a $2 channel so far in July.
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