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Oil supplies have fallen since last year mostly as a result ... mostly because of very weak January and February average Brent crude prices, the international marker. Revenues were running at roughly ...
However, analysts said oil markets remained tight amid supply cuts led by producer group OPEC and as political tension escalates in the Middle East. Brent crude futures were down 70 cents at $71.48 a ...
International Brent oil futures dropped 0.6% to $71.72. Prices were pressured lower after the American Petroleum Institute reported late Tuesday that U.S. crude stockpiles rose by 2.4 million ...
For the full year, however, Brent crude will average USD 71 a barrel for 2019 and will weaken to USD 60 a barrel from 2021. Darling’s comments come as the market expects Iranian oil exports to ...
For traders, estimating the value for the oil is the hardest part as there has been no trade precedent. “Nobody knows where these barrels should trade. It’s a discount to ICE Brent for cargoes landing ...