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RSS FeedsOil stable as market conditions tighten despite rising US output
(WorldNews Business)

 
 

21 august 2017 04:20:22

 
Oil stable as market conditions tighten despite rising US output
(WorldNews Business)
 


* U.S. production hits 9.5 million barrels per day * Libya`s Sharara oilfield shuts due to pipeline blockade By Henning Gloystein SINGAPORE, Aug 21 (Reuters) - Oil markets were stable early on Monday, holding on to Friday`s big gains even though rising U.S. output weighed on hopes the market will tighten with crude inventories down 13 percent since March. Brent crude futures, the international benchmark for oil prices, were at $52.72 per barrel at 0139 GMT, unchanged from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $48.54 a barrel, up 3 cents form their last settlement. This came after an up-to-3 percent increase in...


 
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