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US now world’s biggest crude oil producer

The United States is now the world’s biggest crude oil producer, pushing Russia and Saudi Arabia to the back seat.

Oil prices steady after stock markets plunge

Oil prices steadied on Thursday, recovering from an early sell-off after Asian and European stock markets plunged in the wake of Wall Street’s biggest daily decline since 2011.

Oil prices rise towards $85 on surprise drawdown in US crude stockpiles

Oil prices extended gains into a fourth session on Wednesday, buoyed as industry data showed a surprise decline in U.S. crude inventories and as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked supply worries.

Oil prices dip amid expectations of higher US inventories

Oil prices dipped on Tuesday amid expectations of an increase in U.S. crude inventories, but signs of a fall in Iranian oil exports this month kept losses in check.

Crude prices rise to $81 on signs Iranian oil exports are falling further

Oil prices rose on Tuesday on signs Iranian oil exports this month have fallen from September ahead of US sanctions against Tehran that are set to start in November.

Oil prices dip amid US inventory data concerns

Oil prices slumped to more than two-week lows yesterday, as global stock markets fell, with investor sentiment made more bearish by the United States government data that showed domestic crude inventories rose more than expected last week.

Iran’s supply shortfall jacks up oil prices

Oil prices rose by nearly 1 percent on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter Iran come into force in just five weeks’ time.

Oil rises on Iran sanctions, lower US fuel inventories

Oil prices rose on Thursday, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a fall in U.S. crude inventories.

Nigeria rakes in $26 billion from crude exports in 7 months

Nigeria earned as much as N7.93 trillion ($26 billion) from oil exports between January and July this year, making it the sixth largest revenue earner among Organisation of Petroleum Exporting Countries, OPEC, member nations.

Oil rises on expected stockpile drop

Oil prices rebounded, on Tuesday, on expectations that inventories in the United States may decline, and that OPEC may raise output continue to weigh on sentiment.

Oil price rises over strong China data, US output caps gains

Oil prices rise on Wednesday after posting two days of declines at the start of the week.

Oil rises towards $80 on US crude inventory drop, weaker dollar

Oil prices on Thursday hit their highest since December 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and as the dollar continued to weaken.

Oil hits highest since May 2015 above $68 on tighter market

Oil rose further above $68 a barrel on Tuesday, touching its highest since May 2015, supported by OPEC-led production cuts and expectations U.S. crude inventories fell for an eighth week.

Oil at highest since mid-2015 amid Iran tensions, tighter market

Oil prices on Thursday hit their highest in more than two and a half years, touching levels not seen since before a slump in commodity markets in 2014/15, boosted by tensions in key producer Iran and by ongoing OPEC-led output cuts.

Oil price rises towards $59.00

Oil prices rose on Wednesday, lifted by a fall in U.S. crude inventories and concerns that tensions in the Middle East could disrupt supplies.

Oil rises to $55 as hurricanes damage refineries

Oil-markets on Friday saw Brent crude supported by Saudi Arabia hoping to cut October supplies, while United States crude was curbed by refinery-outages due to Hurricane-Harvey damages, which dented demand.

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