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  1. May 5, 2024 · Oil edged higher as technical levels supported prices, even after Hamas said it agreed to a cease-fire proposal by Qatar and Egypt.

  2. May 10, 2024 · Crude prices soared last month on fears that the conflict in the Middle East could disrupt oil supplies, stirring talk that OPEC+ might revive output to calm the market. Fading war risk in the Middle East, concerns over China’s economy and ample crude supplies from non-OPEC countries such as the US has helped drive oil prices lower.

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  4. May 8, 2024 · Yongchang Chin and Alex Longley, Bloomberg News. Oil edged higher after a mixed snapshot of U.S. inventories that included a drop in nationwide crude holdings. Prices are recovering after a recent bout of weakness. Benchmark Brent futures traded near US$84 a barrel Thursday following a 1.36 million-barrel weekly draw in total crude stockpiles ...

  5. Apr 26, 2024 · Oil prices rose this week as tightening supply conditions and ongoing tensions in the Middle East contributed to push prices higher. West Texas Intermediate crude (WTI) is flirting with the US$85 a barrel level, having gained almost 3 per cent since last Friday.

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