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Oil prices stronger on impact of Saudi's supply cut to the US
Jan. 31, 2019
Source: Reuters

Oil prices stronger on impact of Saudi's supply cut to the US

A drop in Saudi crude supply to the US has pushed the oil prices up. Further, U.S. sanctions imposed on Venezuela’s state-oil firm PDVSA have also led to some supply disruptions. WTI went up by 0.7%, at $54.58 per barrel. Brent increased by 0.8%, to $62.17 per barrel. However, the oil supply is still surplus supported by increased US production.

   Read More About : Brent Price Oil Prices OPEC Saudi Arabia WTI
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