Crude oil futures moved higher Aug. 10 as the market looked past demandslowdowns in Asia amid signs of continued growth in the US and Europe.NYMEX September WTI settled up $1.81 at $68.29/b, and ICEOctober Brent climbed $1.59 to $70.63/b."Crude prices are rebounding as the rout that stemmed from deltavariant concerns has run its course," OANDA senior market analyst EdMoya said in a note. "The headlines for crude have been mostlyconstructive, but the primary driver has been the overall risk-on themethat stemmed from Senate’s passing of the $1 trillion bipartisaninfrastructure spending bill."
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