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News

The futures price for Brent crude oil on the ICE exchange in London rose by 2.4% and exceeded 60.4 USD per barrel
Iraq is trying to significantly accelerate the oil field development which it shares with Iran
Analysts predict that due to the drone attack on two oil refineries in Saudi Arabia, the oil prices may rise significantly
The position of Donald Trump to ease sanctions against Iran led to a significant drop in oil prices. In three hours, Brent crude oil lost 3.74 percent
According to the Wall Street Journal, oil will be drilled on the territory of the National Arctic Reserve
On August, 28, the U.S. Department of Energy reported a reduction in crude oil inventories
U.S. sanctions against Iran and Venezuela led to an increase in demand for Russian crude oil.
Oil prices continue to decline because of anxiety about a recession in the U.S. that may negatively affect demand.
Saudi Arabia reduced oil exports to the United States and began selling more oil to the Chinese because of China’s huge demand