Oil Prices Gain On Supply Concerns In Iran, Libya, Canada



Oil Prices Gain On Supply Concerns In Iran, Libya, Canada
Oil prices gained, with US crude ending a choppy session higher on expectations for a Canadian production outage lasting until September.

The market has grown concerned that if the Saudis offset the losses from Iran, it will use up global spare capacity and leave markets more vulnerable to further or unexpected production declines.

(Additional reporting by Christopher Johnson in London and Aaron Sheldrick in Tokyo Editing by David Goodman and Lisa Shumaker)

Copyright 2018 Thomson Reuters.


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