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CRUDE OIL LIVE UPDATE BY POWERCOMMODITY.COM

http://www.powercommodity.com

(Oil rises as Saudi output dips, U.S. drilling stalls)

Oil prices rose on Monday after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau.
Markets also anticipated an announcement from Washington later on Monday on renewed U.S. sanctions against major oil exporter Iran. So-called "snapback" sanctions are due to be reinstated at 12:01 a.m. EDT on Tuesday, according to a U.S. Treasury official.

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