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U.S. crude futures held near $102 a barrel, supported by concerns about possible supply disruptions and a small decline in U.S. inventory build, although European debt woes continued to cap the market's upward moves.
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Brent oil prices retreated from three-week highs reached earlier in the day on Wednesday, after a surprising fall-off in U.S. refining runs and an unexpected increase in inventories of gasoline and d
Oil prices were stable on Thursday, supported by ongoing OPEC-led supply cuts, tensions in the Middle East and lower U.S. production due to hurricane-enforced closures.
Brent crude futures
Opec is leaning towards extending a deal with Russia and other non-members to cut oil supply for a further nine months, four Opec sources said, although stronger-than-expected demand growth may allow
OPEC will release its annual World Oil Outlook on Nov. 7. Here is an early glance into the report from comments made by OPEC’s Secretary-General Mohammed Barkindo in Kuwait this week.
Oil markets jumped on Monday on concerns over potential renewed US sanctions against Iran as well as conflict in Iraq, while a falling US rig count supported prices there. Brent crude futures, the i