Oil prices edged up on Monday amid a rise in US gasoline futures and forecasts for oil demand to increase in the second half of the year,while supplies from Canada and Opec-plus declined in recent weeks. Oil prices were held in check by a stronger dollar, however, as the market waited for news on the US debt ceiling talks in Washington. Brent futures for July delivery rose by 41c to settle at $75.99 per barrel on Monday. US West Texas Intermediate (WTI) crude for Junedelivery increased by 44c to close at $71.99/bbl, while the more active July contract, which is now the new front-month, rose by 0.5to settle at $72.05/bbl.
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