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Oil trims losses as softer dollar offsets Chinese demand fears

LONDON (Reuters) -Oil prices pared losses after falling by over $2 earlier in the session, as a weaker dollar partially offset demand fears resulting from surging COVID-19 cases in China. The contracts pared losses as the U.S. dollar slipped, with investors on edge at the end of the year as initial optimism over China's reopening fizzled. The scale of the latest Chinese COVID outbreak and doubts over official data prompted some countries to enact new travel rules on Chinese visitors, even as the world's largest crude oil importer began dismantling the world's strictest COVID regime of lockdowns and testing. ....

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Tankers get stuck in Black sea amid oil embargo, price cap

As of Thursday, 16 oil tankers travelling south from the Black Sea were waiting to cross the Bosphorus strait into the Sea of Marmara, an increase of five from Tuesd. ....

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Oil jumps toward $108 as supply fears persist despite reserves release

Oil jumped over 3% on Monday toward $108 a barrel as the release of strategic reserves by consuming nations failed to eliminate supply fears arising from Russia s invasion of Ukraine and the lack of an Iranian nuclear deal. ....

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Oil tops $105 after Russia attacks Ukraine

NEW YORK (Reuters) -Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia's attack on Ukraine exacerbated concerns about disruptions to global energy supply. Russia launched an all-out invasion of Ukraine by land, air and sea in the biggest attack by one state against another in Europe since World War Two. The United States and Europe have promised the toughest sanctions on Russia in response. ....

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Oil tops $105 after Russia attacks Ukraine

NEW YORK (Reuters) -Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia's attack on Ukraine exacerbated concerns about disruptions to global energy supply. Russia launched an all-out invasion of Ukraine by land, air and sea in the biggest attack by one state against another in Europe since World War Two. The United States and Europe have promised the toughest sanctions on Russia in response. ....

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