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The major oil benchmarks have edged higher in...>

OIL
OIL: The major oil benchmarks have edged higher in early dealing this week, as
worries over the impact of Iranian sanctions outweighed trade war pessimism.
- The latest Baker Hughes rig count, released Friday, revealed a lower amount of
active U.S. rigs in the most recent week, adding further support to prices.
- The latest China trade data, released over the weekend, revealed that China's
oil imports ticked up in the month of August, which would have also supported
crude in early dealing this week.
- There were also reports that Iraq's Umm Qasr port re-opened over the weekend,
after protestors exited the facility.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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