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Brent crude drops by 3% to hit a seven-week low of $83.29 per barrel in previous sessions due to rising US stockpiles, while WTI crude falls below $79. Both ended their winning streak in April with declines. EIA reports unexpected increase in US crude stockpiles and production in February.
US crude inventories rise 4.906m barrels in the week ended April 26
HOUSTON: Financial details of Shell’s vast oil and gas trading business are some of the company’s closest-held...
Gains come despite IEA trimming oil demand growth forecast
LME base metals faced challenges amid persistent deflation pressures in China and a regional increase in inventories ahead of China's Lunar New Year holiday.