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Oil prices rise sharply after biggest weekly gain in a year

Oil prices continued their strong gains in trading on Monday, after recording their largest weekly increase in more than a year on Friday, amid increasing risks of a regional war in the Middle East.

By noon on Monday, Brent crude futures rose 94 cent…

Iraqi oil exports to the US decline last week

The US Energy Information Administration (EIA) announced, on Sunday, a decline in Iraq’s oil exports to the United States during the past week.

The EIA stated in a table that “the average US imports of crude oil from 10 major countries amounted to 5….