Oil prices stabilized on Wednesday as markets remained relatively tight amid U.S...
SINGAPORE - Oil prices stabilized on Wednesday as markets remained relatively tight amid U.S. sanctions on crude exporters Iran and Venezuela.
U.S. West Texas Intermediate crude futures were at $61.56 per barrel at 0057 GMT on Wednesday, 17 cents, or 0.3 percent, above their last settlement.With U.S. sanctions on Iran and Venezuela in place, analysts said global oil markets remained tight.
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