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Oil prices stabilise after sharp falls earlier in week

Updated : May 24, 2019 08:01 AM IST

Brent crude futures, the international benchmark for oil prices, were at $68.05 per barrel at 0044 GMT, up 29 cents, or 0.4 percent, from their last close.
US West Texas Intermediate (WTI) crude futures were up 36 cents, or 0.6 percent, at $58.27 per barrel.
ANZ said US sanctions on Iran's and Venezuela's oil industries would likely further reduce crude exports from OPEC, of which both countries are members.

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