Oil prices rise slightly after US announces new round of strikes on Iran
NEW YORK: Oil prices inched higher in early trading on Wednesday as fears of further supply disruptions intensified after US forces said it began striking…
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Summary
NEW YORK: Oil prices inched higher in early trading on Wednesday as fears of further supply disruptions intensified after US forces said it began striking Iranian military targets for the 11th straight night and Kuwait reported attacks by Iranian drones. Data from the American Petroleum Institute showed that U.S. crude and distillate inventories rose last week, while gasoline stockpiles fell, market sources said. The U.S. attacks came a short while after the Kuwaiti army said its air defences were intercepting Iranian drones on Wednesday.
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NEW YORK: Oil prices inched higher in early trading on Wednesday as fears of further supply disruptions intensified after US forces said it began striking Iranian military targets for the 11th straight night and Kuwait reported attacks by Iranian drones
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Data from the American Petroleum Institute showed that U.S. crude and distillate inventories rose last week, while gasoline stockpiles fell, market sources said.
according to Channel News AsiaThe U.S. attacks came a short while after the Kuwaiti army said its air defences were intercepting Iranian drones on Wednesday.
according to Channel News Asia
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