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Crude oil futures up on harder US sanctions talk, market awaits fresh cues

From spglobal.com

Crude oil futures were marginally higher during mid-morning trade in Asia Friday, finding some support from comments made by the US government on monitoring Iranian crude oil shipments, while market participants awaited fresh cues in the form of US oil rig count data and comments from countries on the sidelines of the G20 meeting. At 10:30 am Singapore time (0230 GMT), ICE January Brent crude futures were up 14 cents/b (0.24%) from Thursday's settle at $59.65/b, while the NYMEX January light sweet crude contract moved 10 cents/b (0.19%) higher at $51.55/b. The US State Department is "doing everything we can to deter ... (full story)

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  • Category: Fundamental Analysis