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Oil falls as U.S.-China tensions take toll
TOKYO: Oil prices eased on Monday on concerns over rising tensions between the United States and China over Beijing’s plans to impose security laws on Hong Kong and the possibility of sanctions from Washington. Oil prices have risen sharply in
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Oil prices hold gains after U.S. inventory drawdown
TOKYO: Oil prices clung to gains on Thursday after official data confirmed a big drop in U.S. crude inventories, helping ease concerns about weakening demand, but worries about wider economic growth held prices in check. U.S. crude was up by
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Oil price stabilise amid supply cut
SINGAPORE: Oil prices stabilised on expectations that producer group OPEC and its allies will keep withholding supply to prevent prices from tumbling amid a broad economic slowdown which has started eating away at fuel demand growth. Front-month Brent crude futures,
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New US sanctions show talks offer ‘hollow’
Iran said that new US sanctions on its petrochemical industry show the hollowness of President Donald Trump’s claims to be open to fresh negotiations with Tehran. “Only one week was needed for the US president’s claim that he was ready
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‘Terrorist’ attack can disrupt global oil supplies
MECCA: Saudi Arabia’s King Salman on Saturday warned that “terrorist” attacks in the region could disrupt global oil supplies. “We confirm that terrorist actions not only target the kingdom and the Gulf region, but also target the safety of navigation
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