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Tag Archives: Crude

Oil prices rise as a sign Iran's crude oil exports continue to fall

TOKYO (Reuters) – Oil prices rose on Tuesday as more evidence emerged that crude oil exports from OPEC's third-largest producer decline in the run-up to US sanctions and the hurricane continues to move the Gulf of Mexico. FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie near Paris, France, on April 23, 2018. REUTERS / Christian Hartmann / …

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Crude Oil Price Forecast: Range Breakout Key

The last week was one for the Oil Bulls, and prices rose on four out of five trading days. Reports of an expected slowdown in OPEC deliveries and a more significant than expected decline in weekly US oil stocks supported oil prices. Analysts expected a destocking of around 1.5 million barrels, but inventories were down 5.8 million barrels. News of …

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Chinese oil importers avoid US crude despite tariff reversal

Chinese oil importers are reluctant to buy US crude oil, fearing that Beijing's decision to remove it from the customs list in a trade dispute between major economies will be temporary. Not a single tanker has loaded crude Oil from the United States, which flew to China since the beginning of August, showed the ship data of Thomson Reuters Eikon, …

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Crude oil declines as a trade war overvaluation fall in US inventories

Crude oil losses escalated as the escalating trade dispute between the world's largest economies overshadowed a decline in US crude oil inventories. In New York futures fell by as much as 2.3 percent on Wednesday. Within weeks, China will impose 25 percent duties on billions of dollars in US gasoline, diesel and other goods. Meanwhile, US crude oil inventories fell …

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