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CRUDE OIL LIVE UPDATE BY POWERCOMMODITY.COM

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(Oil climbs as U.S. drilling stalls, Washington sanctions against Iran loom)

Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington's sanctions against Iran's crude exports kick in from November.
U.S. energy companies cut two oil rigs last week, bringing the total count to 860, energy services firm Baker Hughes said on Friday.The U.S. rig count has stagnated since May, after staging a recovery since 2016, which followed a steep slump the previous year amid plummeting crude prices.

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