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“The market would likely stay in a holding pattern before the story on oil China single screw barrel for sale prices unfolds on the back of U.[标签:标题] REUTERS Published: Apr 4, 2018, 1:25 pm IST Updated: Apr 4, 2018, 1:25 pm IST Russian government comments on prospects for stepping up cooperation with OPEC.”Market watchers said oil also felt the squeeze of lingering trade tensions between the United States and China.US crude inventories likely saw a build for the second straight week, rising 200,000 barrels in the week ended March 30. crude inventories, but Russian government comments on prospects for stepping up cooperation with OPEC to coordinate output cuts braked steeper declines.S.end-ofTags: alexander novak, energy minister, opec, oil prices, trump administrationLocation: Singapore, –, Singapore.U.7 percent on Tuesday.S.Russia’s oil output rose in March to 10.Brent crude futures dipped to $67.83 per barrel, down 29 cents, or 0.39 percent, from their previous settlement.S.U.Meanwhile, Russian Energy Minister Alexander Novak said on Tuesday that a joint organisation between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries may be set up after the current deal on production cuts expires at the end of this year.26 a barrel at 0626 GMT, down 25 cents, or 0. Beijing on Wednesday condemned the Trump administration’s move to push ahead with plans to slap tariffs on about $50 billion of Chinese industrial and hi-tech products, and vowed imminent counter-measures in the escalating trade dispute.“Equities have been the most significant external driver for the short-term price direction of oil, with the significant volatility coming (partly) from the perception of a trade war,” said Dominic Chirichella, senior partner at the Energy Management Institute in New York.“Russia is testing the upper production bands but provided they don’t ramp up dramatically I think this news will be viewed in a positive light for prices,” said Stephen Innes, head of trading for Asia/Pacific at futures brokerage OANDA in Singapore.Official inventory data will be published by the Energy Information Administration (EIA) late on Wednesday. crude inventories likely saw a build for the second straight week, rising 200,000 barrels in the week ended March 30, a Reuters poll of industry analysts showed on Tuesday.Singapore: Oil prices slipped on Wednesday on expectations for a build-up in U.43 percent, after it rose 0.S. WTI crude futures were at $63.97 million barrels per day, official data showed earlier this week, prompting some traders to worry the OPEC-non-OPEC alliance to help balance oil markets was under threat.“Crude oil prices look poised to consolidate as markets anticipate the impending EIA report,” said Benjamin Lu Jiaxuan, commodities analyst at Singapore-based brokerage firm Phillip Futures. petroleum data
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