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CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update

Oil falls as supply still adequate despite Iran sanctions, but market tightening

Oil prices fell on Wednesday amid signs that global markets remain adequately supplied, despite a jump to 2019 highs this week on Washington's push for tighter sanctions against Iran.

Brent crude futures were at $74.17 per barrel at 0637 GMT, down 34 cents, or 0.5 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures were at $65.96 per barrel, down 34 cents, or 0.5 percent, from their previous settlement.

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