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Crude oil prices drop 5% in 2 sessions on sharp rise in US inventories

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. ....

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Oil falls for a third day amid easing Middle East tensions, increased production

US crude inventories rise 4.906m barrels in the week ended April 26 ....

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Shell earns $1 billion a year from US crude trading, court filing shows - Markets

HOUSTON: Financial details of Shell’s vast oil and gas trading business are some of the company’s closest-held. ....

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Brent and WTI prices up for the week amid Middle East tensions

Gains come despite IEA trimming oil demand growth forecast ....

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Commodity markets to focus on US CPI, retail sales data next week; metals may remain subdued given holiday in China

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. ....

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