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World oil inventories may have risen by 1.2M barrels in Q1 as sluggish demand and increased OPEC...

World oil inventories may have risen by 1.2M barrels in Q1 as sluggish demand and increased OPEC output offset a fall in Iranian production, the IEA says. "The cycle of repeatedly tightening fundamentals evident since 2009 has been broken for now," the IEA says. Notwithstanding, Crude +0.4%. (PR)
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