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Oil prices down but on track for large weekly gain

Friday, October 25, 2019, 8:11 PM

Oil prices fell on Friday but were on track for strong weekly gains as support from a surprise draw in US inventories and possible action from OPEC and its allies to trim production further outweighed broader economic concerns. Brent crude was down 35 cents at $61.32 by 0830 GMT but the benchmark was set for a weekly gain of more than 3 per cent.
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British tanker leaves Iran after 10-week detention

Friday, September 27, 2019, 5:55 PM

The British-flagged Stena Impero tanker sailed out of Iranian waters on Friday, the owner said, after it was detained in July during a row with Britain that has stoked tensions in the Gulf. The Stena Impero left Iran's Bandar Abbas port on Friday morning bound for Dubai, where the crew would be repatriated, Sweden's Stena Bulk said, after being detained for 10 weeks.
 
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Oil eases as global demand concerns return, overshadowing Saudi supply doubts

Tuesday, September 24, 2019, 8:36 AM

Oil prices eased in early Asian trade on Tuesday as weak manufacturing data from Europe and Japan focused market attention on a gloomy outlook for demand, though lingering uncertainty over Saudi supply disruption braked the drop. Brent crude futures LCOc1 fell 29 cents to $64.48 a barrel by 0154 GMT, while U.S. West Texas Intermediate (WTI) futures CLc1 were at $58.40, down 24 cents.

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