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Oil set for biggest annual advance since 2016 on producer restraint

RIYADH: Oil prices fell on Friday, trimming their biggest annual gains since 2016, with producers led by Saudi Arabia and Russia showing discipline on output as the global economy recovered from COVID-19. Brent crude futures slid 1.3 percent to $78.52 a barrel as of about 3 p.m. Riyadh time, leaving it 52 percent higher in 2021, the most since 2016. WTI, the US benchmark, fell

OPEC, Energy Industry Should Thank Saudi Arabia For Oil Price Recovery

5 hours U.S. Jet Fuel Inventories Aren’t Going Anywhere 6 hours World’s Largest Oil Trader Pays Billions To Execs, Staff 10 hours Biden Administration Earmarks Funds For Coal Communities 12 hours India s Largest Refiner Plans To Ramp Up Capacity This Decade 13 hours FBI: China Is Behind Past Oil & Gas Pipeline Cyberattacks 1 day PDVSA Snubs Crude Sanctions With Condensate Imports 1 day Iran Inaugurates Oil Export Terminal To Bypass Strait Of Hormuz 1 day Barclays Sees Gradual Oil Price Rally 1 day Startup Unveils Frugal Iron-Based Energy Storage 1 day Beijing Has Tech Giant Didi In The Crosshairs 1 day US-Sanctioned Chinese Firm Helps Iran, Venezuela To Export Oil

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