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Oil surges on US weather fears, Opec speculationOil futures rose on Tuesday supported by production suspensions in the US Gulf due to an expected tropical storm and speculation that producers meeting in Algeria next month will act to prop up prices. Brent crude futures were tra More… |
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Oil under $82, snaps 9-day riseOil eased to below $82 a barrel on Wednesday, snapping a nine-day winning streak, after industry data showed a surprise rise in US distillate inventories last week even though heating oil supplies fell. Cold weather in the United States, E More… |
