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The UAE is quietly attempting to eclipse Saudi Arabia and assert itself as the main power in the Persian Gulf -- Puppet Masters -- Sott net
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Oil falls for the week on supply concerns, rising COVID cases
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Vienna Is the New Havana Syndrome Hotspot
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U.S. crude stockpiles fall for eighth week -EIA
U.S. fuel stocks rose despite reduced refinery output -EIA
Iran nuclear talks unlikely until mid-August -source
China June crude throughput hit record high
LONDON, July 15 (Reuters) - Oil prices fell on Thursday, extending losses as investors braced for increased supplies after a compromise deal between leading OPEC producers and as U.S. fuel stocks rose, raising concerns over demand in the world s largest consumer.
Brent crude dropped $1.13, or 1.5%, to $73.63 a barrel by 1104 GMT and U.S. West Texas Intermediate (WTI) crude was down $1.29, or 1.8%, at $71.84.
Both benchmarks slid more than 2% on Wednesday after Reuters reported that Saudi Arabia and the United Arab Emirates (UAE) had reached a compromise that should pave the way for a deal to supply more crude to a tight oil market and cool soaring prices. read more