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US crude rises 1.6% to 4-year high, settling at $76.41, on Iran oil sanctions - CNBC
CNBC | US crude rises 1.6% to 4-year high, settling at $76.41, on Iran oil sanctions CNBC Oil rose on Wednesday, touching a fresh four-year high as the market focused on upcoming U.S. sanctions on Iran and shrugged off a surprisingly big build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production. "Nothing ... Exclusive: Saudi Arabia, Russia agreed in Sept to lift oil output, told US Saudi Arabia to ramp up oil production to near records after Trump railed against OPEC Oil slips below $85 as Saudi raises output towards record high |
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