Venezuela, Iran supply concerns push oil prices towards $80/b

Venezuela, Iran supply concerns push oil prices towards $80/b

22 May 2018, London — Oil rose towards $80 a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighten global supply. Crude is trading at its highest level since late 2014, underpinned by a supply-cutting deal among the Organization of the Petroleum Exporting …

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Venezuela, Iran supply concerns push oil prices towards $80/b Venezuela, Iran supply concerns push oil prices towards $80/b Reviewed by Crude Oil Brokers Limited on 13:43 Rating: 5

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