Oil held the bulk of a three-day advance to trade above USD 71 a barrel amid optimism that rising demand will tighten the global market.
West Texas Intermediate edged 0.4 percent lower, after rallying more than 8 percent in the preceding three sessions. That run of gains means that prices are little changed on the week, having recouped most of Monday's slump, when crude plunged on concern the spread of the delta coronavirus variant would crimp consumption just as the OPEC+ alliance moved to add more barrels.
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