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Oil Rises as Restrictions on Iran Tighten Supply

EghtesadOnline: Oil prices rose on Tuesday with the reimposition of US sanctions against major crude exporter Iran expected to tighten global supply. Spot Brent crude oil futures were $74.17 per barrel, up 42 cents, or 0.6%, from their last close, CNBC reported.
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Publish Date:08/August/2018 | 07:35

Iran Criticizes Moscow-Riyadh Efforts to Ramp Up Oil

EghtesadOnline: A senior Iranian energy official criticized Russia and Saudi Arabia for ramping up oil output, saying they were breaking a production agreement between OPEC and Moscow and would strengthen the US effort to impose sanctions on Tehran.
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Publish Date:07/August/2018 | 09:46

Oil steady as U.S.-Iran row balances trade worries

EghtesadOnline: Oil prices steadied on Tuesday as rising tension between the United States and Iran highlighted risks to supply while escalating trade disputes raised the prospect of slower economic growth and perhaps weaker energy demand.
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Publish Date:24/July/2018 | 10:41

Stocks Drop, Yen Jumps After Korea Missile Launch

EghtesadOnline: Asian stocks fell and the yen gained after North Korea fired a ballistic missile over Japan, promising to fan simmering tensions with the U.S. Gold extended a rally above $1,300 an ounce and oil rebounded as investors weighed the damage from Tropical Storm Harvey.
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Publish Date:29/August/2017 | 05:36

Oil jumps three percent as dollar falls, U.S. rig count drops

EghtesadOnline: Oil prices rose sharply on Friday, as the dollar fell and U.S. drillers cut rigs, feeding a rally that boosted global benchmark Brent crude to a weekly gain while U.S. crude was virtually flat on the week.
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Publish Date:19/August/2017 | 09:12

Oil Gains as Saudis See Steady Output After U.S. Stockpiles Rise

EghtesadOnline: Oil rose after dropping the most in a month as Saudi Arabia said it won’t boost output to capacity and flood a market that’s contending with a global inventory overhang of crude and fuel supplies.
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Publish Date:01/September/2016 | 08:49