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US ban on Russian energy products to drive oil prices to new highs in near term

US ban on Russian energy products to drive oil prices to new highs in near term

[ad_1] Growing worries over supply disruptions from Russia and a possible delay in Iran-US nuclear deal amid surging global demand has pushed oil prices to $130 a barrel this week. Multi-year low US crude inventories and restrictive production policies of OPEC Plus countries also added support to prices. The global

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Oil prices drop over 3% on faltering demand outlook in China

[ad_1] LONDON: Oil fell by over 3 per cent on Monday to a one-week low, dropping for a third session after official data showed refining throughput and economic activity slowed in China, an indication that COVID-19 outbreaks are crimping the world's second-largest economy. Brent crude was down $2.21, or 3.1 per

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