Crude oil edges up on historic Swiss banks deal, central banks support

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Key Points

Brent crude futures rose 35 cents, or 0.5%, to $73.32 a barrel by 0007 GMT after a near 12% loss last week, its biggest weekly fall since December...

Oil prices rose on Monday after suffering their biggest weekly loss in months as UBS struck a deal to buy Credit Suisse and some of the worlds largest central banks sought to reassure and stabilise global financial markets..

The Swiss bank deal and central banks measures to inject liquidity into the markets are restoring market confidence, leading to a relief rally in risk assets, including the crude markets, CMC Markets analyst Tina Teng said...

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