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Oil prices jump again on worries about Middle East
Middle East Conflict Lifts Oil Prices Despite Large US Crude Build
NEW YORK (Reuters) -Oil prices climbed on Wednesday on worries that the escalating conflict in the Middle East could threaten oil supplies from the world's top producing region, but a large build in U.S. crude inventories limited gains.
Oil price rise comes at a critical point
The
price
of oil has jumped 5% after
US
President Joe Biden said the
US
... Iran is the seventh largest oil
producer
in the world, exporting around half its
production
abroad, mainly to China.
Oil prices climb as Middle East conflict counters ample supply outlook
Oil prices rose further on Friday and were on track for strong weekly gains as investors weighed the prospect of a wider Middle East conflict disrupting crude flows against a well-supplied global market.
Reuters
24d
US producer prices rise slightly above expectations in August
WASHINGTON, Sept 12 (Reuters) -
U.S
.
producer
... for the
rise
in the PPI last month. Services, which dropped 0.3% in July, were last month boosted by a 4.8% surge in the
prices
of hotel and ...
Opinion
7d
Opinion
Mills: EIA expects oil and natural gas prices to rise
Mills: Crude oil and natural gas prices were flat the first half of September, but the Energy Information Administration ...
4d
Oil prices rise on Israel promise to retaliate following Iran's strike
Oil rose further on Wednesday amid speculation Iranian oil facilities could be the target of an Israeli retaliation against ...
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Iran
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oil
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