Crude oil gains supported by tightening sanctions against Iran announced this week but upside seen limited by a surge in U.S. supply and concerns of an economic slowdown.
U.S. attempts to drive Iranian oil exports down to zero come against the backdrop of a global market that is sufficiently well supplied to avoid price disruptions
Saudi Arabia's energy minister Khalid al-Falih told that China has "not yet" asked for more crude oil after the U.S. decided to end sanction waivers on Iranian oil imports.
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