WTI Breaks $70 As Kurdistan Halts Oil Exports ...Middle East

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WTI Breaks $70 As Kurdistan Halts Oil Exports
Oil prices rose by 2% early on Monday, with the U.S. benchmark up above $70 a barrel again, driven up by a halt to Kurdistan’s 400,000-bpd of crude exports and signs of easing concerns about the global banking sector. As of 10:17 a.m. EDT on Monday, WTI Crude, the U.S. benchmark, traded at $70.76, up by 2.31% on the day. The international benchmark, Brent Crude, was up by 2.04 % at $76.41.   Oil was rising at the start of the week after Kurdistan’s crude oil exports – around 400,000 bpd shipped through an Iraqi-Turkey pipeline…

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