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The US Energy Information Administration (EIA) said on Tuesday that Iraq’s oil exports to the United States surpassed eight million barrels during April. According to the EIA, Iraq’s crude oil exports to the United States in April were approximately 8.86 million barrels, with an average daily shipment of 295,000 barrels, more than Iraq’s oil exports to the ...
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Oil prices rose in early trade on Wednesday as large wildfires were threatening Canada's oil sands and as the market expected U.S. crude oil and gasoline inventories to show a drawdown later in the day. Brent crude futures were up 34 cents, or 0.4 per cent at $82.71 a barrel. U.S. West Texas Intermediate crude futures (WTI) rose 38 cents, or 0.5 per cent, ...