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Oil rises as traders assess shipping flows; monthly gains in sight

Oil rises as traders assess shipping flows; monthly gains in sight

By Anushree Mukherjee July 31 (Reuters) - Oil prices rose on Friday and remained on track for a monthly increase as reports that some tankers were forced to turn around in the Strait of Hormuz prompted traders to reassess shipping flows through the key waterway.
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Oil rises over 1% as traders assess shipping flows; monthly gains in sight

Oil rises over 1% as traders assess shipping flows; monthly gains in sight

By Anushree Mukherjee July 31 (Reuters) - Oil prices rose more than 1% on Friday and remained on track for a monthly rise as reports that some tankers were forced to turn around in the Strait of Hormuz prompted traders to reassess shipping flows through the key waterway.
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Oil steady as traders assess shipping flows; monthly gains in sight

Oil steady as traders assess shipping flows; monthly gains in sight

By Anushree Mukherjee July 31 (Reuters) - Oil prices were steady on Friday and on track for a monthly rise as traders assessed supply flows through key maritime chokepoints and developments in U.S.-Iran talks. Brent futures were up 47 cents, or 0.53%, at $89.50 a barrel by 0952 GMT, while U.S.
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Oil settles down on proposed Saudi-led maritime defence coalition

Oil settles down on proposed Saudi-led maritime defence coalition

By Georgina McCartney July 30 (Reuters) - Oil prices settled lower on Thursday after a volatile session, as traders digested proposed plans for a Saudi Arabia-led maritime coalition to boost defense cooperation around the Red Sea.
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Oil falls more than 1% on proposed Saudi-led maritime defence coalition

Oil falls more than 1% on proposed Saudi-led maritime defence coalition

By Georgina McCartney July 30 (Reuters) - Oil fell on Thursday in volatile trade as investors considered proposed plans for a Saudi Arabia-led maritime coalition to boost defence cooperation around the Red Sea, reversing a rise in prices earlier in the session after Washington and Tehran traded
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Oil falls on Hormuz talks

Oil falls on Hormuz talks

By Anushree Mukherjee July 30 (Reuters) - Oil prices fell on Thursday, as investors weighed talks between Oman and Iran over the Strait of Hormuz even as Washington and Tehran traded strikes on each other's military targets again.
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Drone strike near Suez Canal in Egypt raises new security threat in widening war

Drone strike near Suez Canal in Egypt raises new security threat in widening war

By Nafisa Eltahir, Elwely Elwelly and Tala Ramadan DUBAI, July 30 (Reuters) - A drone strike on gas vessels in Egypt's Mediterranean port of Damietta signalled a potential new front in the U.S.-Iran war, raising the prospect of threats to navigation through the Suez Canal, a last remaining safe
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Aramco just shut major refinery after a Houthi strike

Aramco just shut major refinery after a Houthi strike

Markets are good at pricing barrels. They are terrible at pricing the machinery that turns barrels into something you can actually burn. That gap is where the next fuel shock gets built. For five months, nearly every headline about Middle East oil has been a headline about crude. The Strait of ...
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Oil steady as traders assess US-Iran conflict

Oil steady as traders assess US-Iran conflict

By Anushree Mukherjee July 30 (Reuters) - Oil prices were steady in a volatile session on Thursday as traders assessed the escalating conflict between the United States and Iran and the potential disruption to oil supplies.
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Oil prices fall 5% to two-week low after several days without US-Iran strikes

Oil prices fall 5% to two-week low after several days without US-Iran strikes

By Scott DiSavino July 28 (Reuters) - Oil prices dropped about 5% on Tuesday to a two-week low, on cautious hopes that the pause in fighting between the United States and Iran will lead to talks to end the war, even though previous halts have proved only temporary.
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Oil prices fall 5% to two-week low on hopes for US-Iran conflict easing

Oil prices fall 5% to two-week low on hopes for US-Iran conflict easing

By Scott DiSavino July 28 (Reuters) - Oil prices dropped 5% on Tuesday to a two-week low, on cautious hopes for a resolution to the Iran war as traders assessed developments in the Middle East. Brent futures fell $4.61, or 5.2%, to $83.75 a barrel at 12:01 p.m. EDT (1601 GMT). U.S.
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Oil jumps 7% on escalating Middle East airstrikes

Oil jumps 7% on escalating Middle East airstrikes

By Nicole Jao NEW YORK, July 29 (Reuters) - Oil prices climbed 7% on Wednesday as airstrikes resumed in the Middle East, adding to worries about dwindling supply as U.S. government data showed crude inventories fell to a multi-year low.