SINGAPORE, Aug 17 (Reuters): Oil prices rose on Monday following news China plans to ship large volumes of US crude in August and September, which outweighed concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies.
Brent crude added 32 cents, or 0.7%, to $45.12 a barrel by 0616 GMT, while US West Texas Intermediate crude was up 35 cents, or 0.8%, to $42.36 a barrel.
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