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- Brent crude futures fell 24 cents, or 0.4%, to $58.00 a barrel by 0442 GMT.
- U.S. West Texas Intermediate crude was at $52.39, down 24 cents or 0.5%.
- Brent crude rose 38 cents, or 0.7%, to $58.73 a barrel by 0344 GMT.
- U.S. West Texas Intermediate (WTI) crude was at $53.08, up 33 cents, or 0.6%.
Political instability has reared its head in another South American nation this week. On Tuesday, Ecuadorian President Lenin Moreno announced a multi-billion dollar fiscal reform package which would eliminate fuel subsidies. 214 more words
War between Saudi Arabia and Iran would bring ‘total collapse of the global economy’ as oil rises to highs not seen in our lifetime, Saudi Crown prince warns
Saudi Crown Prince Mohammed Bin Salman warned that war between his country and Iran would lead to a “total collapse of the global economy” and should be avoided. 921 more words