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May 21, 2018 12:08 AM IST | Commodities

Oil steady after retreating from 2014 highs on dollar strength

A rapid slide in oil supply from Venezuela, concern that US sanctions will disrupt exports from Iran, and falling global inventories have all combined to push oil prices up nearly 20 percent in 2018.
Brent crude futures reached an intraday high of $80.50 a barrel, but later gave up most gains to settle up 2 cents at $79.30 a barrel.
Published Date: May 18th, 2018 06:57 AM | Updated Date: May 21, 2018 12:08 AM IST

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