Oil pares losses as focus returns to Iran sanctions
Oil prices dipped on Thursday but pared losses as investors turned their attention to the impending loss of Iran’s crude exports after the United States re-imposes sanctions in early November./ FILE PHOTO: A drilling rig is parked up in the Cromarty Firth near Nigg, Scotland, Britain January 27, 2015. REUTERS/Russell Cheyne/File Photo/ In early trading, global benchmark Brent crude fell below $79 per barrel, or as much as 1.7 percent the day after a U.S. Energy Department report showed oil producers have put 22 million barrels in storage ...
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