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Oil prices hold fast amidst sanction wave
Nov. 5, 2018
Source: Reuters

Oil prices hold fast amidst sanction wave

Oil prices held steady today as the new wave of US sanctions hit Iran’s fuel exports, though waivers allowing major buyers to import Iranian crude softened the market. Brent crude remained unchanged at $72.83 per barrel while US WTI dropped to $62.99 a barrel. Russia, US and Saudi Arabia jointly produced more than 33 million bpd for the first time in October, highest since 2010.

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