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Al Jazeera
Al Jazeera
Business
John Hendren

US oil prices: Markets rally but still far from 2020 peak

US oil prices: Markets rally but still far from 2020 peak

Oil prices have risen as global demand slowly grows and leading energy producers cut production.

Oil prices reached just above $30 per barrel, a little more than half their level at the beginning of 2020

But the fallout of COVID-19 and continuing oil glut mean prices will not entirely recover for some time.

Al Jazeera’s John Hendren reports from Chicago, US.

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