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...Tehran sold an average of 1.56mn barrels a day during the first three months of the year, almost all of it to China and its highest level since the third quarter of 2018, according to data company Vortexa...
...Oil prices climbed following the events in Iran. Futures for Brent crude, the international oil benchmark, rose to above $90 a barrel and then retreated to trade 1.3 per cent higher at $88.19....
...The price of Brent crude, the international oil benchmark, settled about 1.5 per cent higher to $90.65 a barrel on Thursday, while the West Texas Intermediate, the US oil benchmark, rose about 1.4 per cent...
...Futures for Brent crude, the international oil benchmark, rose as much as 4.2 per cent to $90.75 per barrel....
...Brent crude, the international benchmark, rose 1.3 per cent to $90.96 a barrel while West Texas Intermediate, its US counterpart, added 1.6 per cent to $86.36 a barrel....
...Brent crude, the international benchmark, fell 0.9 per cent to $90.34 per barrel. West Texas Intermediate, the US equivalent, dropped 1 per cent to $86.01 per barrel....
...Brent crude fell on Monday, dipping below $90 a barrel, after this weekend’s attack on Israel by Iran. Why is the oil market so relaxed in the face of escalating regional tensions?...
...The cuts have crimped production of crude by some 5.3mn barrels a day, or about 5 per cent of global supply....
...Brent crude oil futures rose 1.5 per cent on Thursday to settle at $90.65 a barrel — the highest closing price since October — as traders weighed the potential for Iran’s backlash after a suspected Israeli...
...Sentiment was buoyed by Brent crude, the international oil benchmark, trading 1.4 per cent higher to $86.60, and Morgan Stanley upgrading its view on the sector to “overweight”....
...The oil price rose 3.1 per cent on Thursday to $81.63 a barrel, its biggest gain since January 3....
...Traders had largely expected the decision to extend the curbs, with crude oil prices rising last week ahead of the announcement....
...The moves reversed a steep sell-off in the previous trading session, which came as fears of flaring tensions in the Middle East sent oil prices to five-month highs above $90 per barrel, sparking concerns...
...Data released on Wednesday by the Energy Information Administration showed US crude inventories grew by 3.6mn barrels last week to a total of 421.9mn, well ahead of a Reuters forecast for a 1.8mn-barrel...
...The series of cuts, which began in November 2022 in the face of vehement US opposition, has crimped production of crude by some 5.3mn barrels a day, or about 5 per cent of global supply....
...In commodity markets, oil prices fell back from recent highs, with Brent crude, the international oil benchmark, down 0.1 per cent at $89.50 per barrel....
...The US benchmark, West Texas Intermediate, rose 1.7 per cent to $81.04 a barrel....
...Brent crude, the international oil benchmark, briefly jumped 1.2 per cent to just over $81 a barrel before retreating to $80.91 in early afternoon trading in London....
...Brent crude, the international benchmark for oil, was 0.7 per cent lower at $89.79 per barrel. The US equivalent West Texas Intermediate dropped 1 per cent to $84.82....
...Brent crude, the international benchmark, settled 1.4 per cent lower at $89.65 a barrel on Monday, while US marker West Texas Intermediate dropped 1.2 per cent to $86.65 a barrel....
...Brent crude, the international benchmark, was down 1.2 per cent at $82.58 a barrel in afternoon trading in New York. West Texas Intermediate, the US marker, was down 1.2 per cent to $77.02 a barrel....
...Oil prices swung through the day with Brent crude, the international oil benchmark, down almost 1.5 per cent earlier, but recovering to stand 0.1 per cent lower later in the US day at $90.33 per barrel....
...The price of Brent crude, the international benchmark, rose 3.1 per cent on Thursday to $81.63 a barrel, its biggest one-day gain since January 3....
...A measure of the dollar’s strength against a basket of six other currencies rose 0.1 per cent. Prices for Brent crude, the international oil benchmark, slipped 0.2 per cent to $89.95 a barrel....
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