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Reuters

Dec 24, 2022, 11:45 PM

Oil Settles Up $2 On Tighter Supply; OPEC+ Talks Limit Gains

Oil prices settled up by over $2 per barrel on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.

2 Min

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  Reuters | Dec 24, 2022

  India Govt Steps Up Audit Of EV Firms Taking Subsidies - Report

  The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received.

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  Reuters | Dec 24, 2022

  Analysis-EU Unity Over Russia Sanctions Falters As Europe's Economy Wilts

  EU leaders agreed on Thursday to a ninth package of sanctions but talks were acrimonious, with Poland and the Baltic states that neighbour Russia campaigning for tougher measures, while states further west, such as Germany, were more hesitant.

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  Reuters | Dec 24, 2022

  Oil Rises On Hopes For China's Economy; Recession Fears Limit Gains

  China, the world's top crude oil importer, is experiencing its first of three expected waves of COVID-19 cases after Beijing relaxed mobility restrictions but said it plans to step up support for the economy in 2023.

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  Reuters | Dec 24, 2022

  World Shares Extend Rout, Oil Prices Drop On Recession Worries

  The selling spilled over into commodities markets, where oil prices dropped over $2 per barrel. Gold prices faced their biggest weekly loss in four weeks after the Federal Reserve indicated it was not done hiking rates.

  3 mins read
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  Reuters | Dec 24, 2022

  Oil Prices Climb By $2 Amid Forecasts For 2023 Demand Uptick

  Brent crude futures settled up $2.02, or 2.4%, to $82.70 per barrel, while U.S. West Texas Intermediate (WTI) crude futures settled up $1.94 to $77.28.

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  Reuters | Dec 24, 2022

  Russia Replaces Iraq As Top Oil Supplier To India In November

  India's oil imports from Russia rose for the fifth straight month, totaling 908,000 barrels per day (bpd) in November, up 4% from October, the data showed.

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  Reuters | Dec 24, 2022

  Oil Rises To Over $80/bbl As Dollar Slumps On Slowing Inflation

  The market was also buoyed by concerns about supply disruptions, including the ongoing shutdown of the Canada-to-United States Keystone crude pipeline following a massive leak last week.

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  Reuters | Dec 24, 2022

  Turkey Reaches Deal Over New Crude Tanker Insurance Regulations

  The Turkish measures, which came into effect on Dec. 1, requires vessels to provide proof of insurance for the duration of transit through the Bosphorus or when calling at Turkish ports.

  2 mins read