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Illustration: US WTI Crude Oil Futures

SUQIAN, CHINA - MAY 27, 2023 - Illustration: US WTI crude oil futures, Suqian, Jiangsu Province, China, May 27, 2023.

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Illustration: US WTI Crude Oil Futures

SUQIAN, CHINA - MAY 27, 2023 - Illustration: US WTI crude oil futures, Suqian, Jiangsu Province, China, May 27, 2023.

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Illustration: US WTI Crude Oil Futures

SUQIAN, CHINA - MAY 27, 2023 - Illustration: US WTI crude oil futures, Suqian, Jiangsu Province, China, May 27, 2023.

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Illustration: US WTI Crude Oil Futures

SUQIAN, CHINA - MAY 27, 2023 - Illustration: US WTI crude oil futures, Suqian, Jiangsu Province, China, May 27, 2023.

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Illustration: US WTI Crude Oil Futures

SUQIAN, CHINA - MAY 27, 2023 - Illustration: US WTI crude oil futures, Suqian, Jiangsu Province, China, May 27, 2023.

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Illustration: US WTI Crude Oil Futures

SUQIAN, CHINA - MAY 27, 2023 - Illustration: US WTI crude oil futures, Suqian, Jiangsu Province, China, May 27, 2023.

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BRITAIN-LONDON-OIL PRICES

(220409) -- LONDON, April 9, 2022 (Xinhua) -- Closed pumps are seen in a petrol station in London, Britain, April 8, 2022. Oil prices rose on Friday, but suffered a fall for the week. The West Texas Intermediate (WTI) for May delivery added 2.23 U.S. dollars, or 2.3 percent, to settle at 98.26 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery increased 2.2 dollars, or 2.2 percent, to close at 102.78 dollars a barrel on the London ICE Futures Exchange. (Xinhua/Li Ying)

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BRITAIN-LONDON-OIL PRICES

(220409) -- LONDON, April 9, 2022 (Xinhua) -- A woman fuels her car at a petrol station in London, Britain, April 8, 2022. Oil prices rose on Friday, but suffered a fall for the week. The West Texas Intermediate (WTI) for May delivery added 2.23 U.S. dollars, or 2.3 percent, to settle at 98.26 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery increased 2.2 dollars, or 2.2 percent, to close at 102.78 dollars a barrel on the London ICE Futures Exchange. (Xinhua/Li Ying)

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BRITAIN-LONDON-OIL PRICES

(220409) -- LONDON, April 9, 2022 (Xinhua) -- A bus runs past a petrol station in London, Britain, April 8, 2022. Oil prices rose on Friday, but suffered a fall for the week. The West Texas Intermediate (WTI) for May delivery added 2.23 U.S. dollars, or 2.3 percent, to settle at 98.26 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery increased 2.2 dollars, or 2.2 percent, to close at 102.78 dollars a barrel on the London ICE Futures Exchange. (Xinhua/Li Ying)

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BRITAIN-LONDON-OIL PRICES

(220409) -- LONDON, April 9, 2022 (Xinhua) -- A deliveryman rides past a petrol station in London, Britain, April 8, 2022. Oil prices rose on Friday, but suffered a fall for the week. The West Texas Intermediate (WTI) for May delivery added 2.23 U.S. dollars, or 2.3 percent, to settle at 98.26 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery increased 2.2 dollars, or 2.2 percent, to close at 102.78 dollars a barrel on the London ICE Futures Exchange. (Xinhua/Li Ying)

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BRITAIN-LONDON-OIL PRICES

(220409) -- LONDON, April 9, 2022 (Xinhua) -- A man walks past a petrol station in London, Britain, April 8, 2022. Oil prices rose on Friday, but suffered a fall for the week. The West Texas Intermediate (WTI) for May delivery added 2.23 U.S. dollars, or 2.3 percent, to settle at 98.26 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery increased 2.2 dollars, or 2.2 percent, to close at 102.78 dollars a barrel on the London ICE Futures Exchange. (Xinhua/Li Ying)

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Oil prices cap worst week since 2020 amid reserves release

STORY: Oil prices cap worst week since 2020 amid reserves release DATELINE: April 2, 2022 LENGTH: 00:01:37 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of refineries near Houston 2. various of gas stations in New York City STORYLINE: Oil prices fell on Friday, capping their worst week in nearly two years, as supply concerns eased on reserves release. The West Texas Intermediate (WTI) for May delivery lost 1.01 U.S. dollars, or 1 percent, to settle at 99.27 dollars a barrel on the New York Mercantile Exchange. Brent crude for June delivery decreased 32 cents, or 0.3 percent, to close at 104.39 dollars a barrel on the London ICE Futures Exchange. For the week, the U.S. crude standard and Brent dropped 12.8 percent and 11.1 percent, respectively, based on the front-month contracts. Both benchmarks saw their biggest weekly percentage declines since late April 2020, according to Dow Jones Market Data. Members of the International Energy Agency (IEA) agreed to a new release of oil from eme

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Oil prices slip as traders weigh geopolitical risks

STORY: Oil prices slip as traders weigh geopolitical risks DATELINE: Feb. 26, 2022 LENGTH: 00:01:40 LOCATION: SAN ANTONIO, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of gas stations in San Antonio STORYLINE: Oil prices dropped on Friday as traders cautiously eyed updates regarding the Russia-Ukraine tensions. The West Texas Intermediate (WTI) for April delivery lost 1.22 U.S. dollars, or 1.3 percent, to settle at 91.59 dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery decreased 1.15 dollars, or nearly 1.2 percent, to close at 97.93 dollars a barrel on the London ICE Futures Exchange. Kremlin spokesman Dmitry Peskov said Friday that Russian President Vladimir Putin is ready to send a Russian delegation to the Belarusian capital of Minsk for negotiations with Ukraine. Russian Foreign Minister Sergei Lavrov on Friday told a briefing that his country has no plan to occupy Ukraine and Moscow is ready to hold negotiations straight after the Ukrainian forces "lay do

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U.S.-OIL PRICE-DROP

(220226) -- NEW YORK, Feb. 26, 2022 (Xinhua) -- Vehicles are seen at a gas station in New York, the United States, Feb. 25, 2022. Oil prices dropped on Friday as traders cautiously eyed updates regarding the Russia-Ukraine tensions. The West Texas Intermediate (WTI) for April delivery lost 1.22 U.S. dollars, or 1.3 percent, to settle at 91.59 dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery decreased 1.15 dollars, or nearly 1.2 percent, to close at 97.93 dollars a barrel on the London ICE Futures Exchange. (Xinhua/Wang Ying)

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U.S.-OIL PRICE-DROP

(220226) -- NEW YORK, Feb. 26, 2022 (Xinhua) -- A man refuels a cab at a gas station in New York, the United States, Feb. 25, 2022. Oil prices dropped on Friday as traders cautiously eyed updates regarding the Russia-Ukraine tensions. The West Texas Intermediate (WTI) for April delivery lost 1.22 U.S. dollars, or 1.3 percent, to settle at 91.59 dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery decreased 1.15 dollars, or nearly 1.2 percent, to close at 97.93 dollars a barrel on the London ICE Futures Exchange. (Xinhua/Wang Ying)

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U.S.-OIL PRICE-DROP

(220226) -- NEW YORK, Feb. 26, 2022 (Xinhua) -- Photo taken on Feb. 25, 2022 shows a digital screen displaying oil prices at a gas station in New York, the United States. Oil prices dropped on Friday as traders cautiously eyed updates regarding the Russia-Ukraine tensions. The West Texas Intermediate (WTI) for April delivery lost 1.22 U.S. dollars, or 1.3 percent, to settle at 91.59 dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery decreased 1.15 dollars, or nearly 1.2 percent, to close at 97.93 dollars a barrel on the London ICE Futures Exchange. (Xinhua/Wang Ying)

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U.S.-OIL PRICE-DROP

(220226) -- NEW YORK, Feb. 26, 2022 (Xinhua) -- Vehicles are seen at a gas station in New York, the United States, Feb. 25, 2022. Oil prices dropped on Friday as traders cautiously eyed updates regarding the Russia-Ukraine tensions. The West Texas Intermediate (WTI) for April delivery lost 1.22 U.S. dollars, or 1.3 percent, to settle at 91.59 dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery decreased 1.15 dollars, or nearly 1.2 percent, to close at 97.93 dollars a barrel on the London ICE Futures Exchange. (Xinhua/Wang Ying)

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U.S.-OIL PRICE-DROP

(220226) -- NEW YORK, Feb. 26, 2022 (Xinhua) -- A cab passes by a gas station in New York, the United States, Feb. 25, 2022. Oil prices dropped on Friday as traders cautiously eyed updates regarding the Russia-Ukraine tensions. The West Texas Intermediate (WTI) for April delivery lost 1.22 U.S. dollars, or 1.3 percent, to settle at 91.59 dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery decreased 1.15 dollars, or nearly 1.2 percent, to close at 97.93 dollars a barrel on the London ICE Futures Exchange. (Xinhua/Wang Ying)

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Saudi minister speaks on oil prices

TOKYO, Japan - Saudi Petroleum and Mineral Resources Minister Ali Ibrahim al-Nuaimi speaks at an energy symposium in Tokyo on Feb. 16. He said he considers the ''reasonable'' crude oil price is the average of those in past six months. The benchmark West Texas Intermediate (WTI) March crude futures on the New York Mercantile Exchange (NYME) soared above $30 per barrel this week, higher than the average in the past six months of around $25 a barrel.