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Oil Up More Than $1 After Saudi's Asia Price Hike

from Reuters

Oil futures climbed more than $1 a barrel on April 6, after Saudi Arabia raised its prices for crude sales to Asia for the second month running, signaling improved demand in the region. International benchmark Brent regained ground after tumbling as much as 5 percent on Thursday, April 2, when Iran reached a preliminary deal on its nuclear program with six world powers. More Iranian oil could enter global markets if that is followed by a comprehensive deal by June. more

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