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Oil market in temporary balance as supply disruptions buoy price

Posted on 20 April 2016

Strike in Kuwait and news of outages in Nigeria and Venezuela bolster crude market. A workers’ strike in Kuwait that has temporarily halved its crude output and a string of global supply disruptions propelled oil prices higher on Tuesday.
Brent, which had sunk to almost $40 a barrel on Monday after talks between some of the biggest producers in Doha collapsed, rose as much as $1.34 to $44.25 on Tuesday. West Texas Intermediate, the US benchmark, rose $1.49 to $41.26 a barrel………………………………………..Full Article: Source


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