Oil prices

Oil prices rose a dollar a barrel on Monday after three straight sessions of declines, boosted by the prospect of tightening supplies in Canada and elsewhere, although recession fears kept pressuring the market.

Brent crude futures rose $1.06, or 1.4 percent to settle at $75.23 a barrel. U.S. West Texas Intermediate crude settled at $71.11 a barrel, up $1.07, or 1.5 percent.

Update: 2023-05-16 03:33 GMT

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