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Latest News from Energy Services

Oil heads for small weekly gain but remains under supply hike pressure

Oil prices extended declines on Friday under increased supply pressure from an OPEC+ output hike and the prospect of an Iranian nuclear deal, yet are heading for a second consecutive weekly gain due to easing U.S.-China trade tensions. ›

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Oil slides 3% on expectations for US-Iran nuclear deal

Oil prices fell by about $2 on Thursday on expectations of a potential U.S.-Iran nuclear deal that could result in sanctions easing, while a surprise build in U.S. crude oil inventories last week heightened investor concerns about oversupply. ›

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