OIL PRICE: NEAR $75 YET

REUTERS - Oil prices rose on Friday as U.S. sanctions on Iran are expected to cut significant volumes of crude from the market, although trading was muted by concerns over the unresolved trade dispute between Washington and Beijing.

Brent crude oil futures LCOc1 were at $75.07 per barrel at 0424 GMT, up 34 cents, or 0.5 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $68.24 per barrel, up 41 cents, or 0.6 percent.

Traders said the supply versus demand outlook for oil markets was relatively tight because of the looming U.S. sanctions against Iran, which will target oil exports from November.

Iran is the third-biggest producer within the Organization of the Petroleum Exporting Countries (OPEC), exporting on average around 2.5 million barrels per day (bpd) of crude and condensate this year, equivalent to around 2.5 percent of global consumption.

Energy consultancy FGE says it expects this figure to drop below 1 million bpd by mid-2019.

Despite this, sentiment in markets was cautious and liquidity in crude futures relatively low, traders said, after U.S. and Chinese officials talks aimed at resolving an escalating trade dispute ended on Thursday with no major breakthrough. Instead, both countries activated another round of dueling tariffs on $16 billion worth of each other's goods.

"Investors are likely to feel nervous as the two countries vow to step up the pressure," ANZ bank said on Friday.

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Earlier: 

2018, August, 22, 13:10:00 OIL PRICE: NEAR $73 YET REUTERS - Brent crude oil futures LCOc1 were at $72.90 per barrel at 0653 GMT, up 27 cents, or 0.37 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 27 cents, or 0.41 percent, at $66.11 per barrel.

2018, August, 20, 14:30:00 OIL PRICE: NEAR $72 AGAIN REUTERS - Brent crude futures, a benchmark for international oil prices, were at $72.11 per barrel at 0803 GMT, up 28 cents. U.S. West Texas Intermediate (WTI) crude futures were up 3 cents at $65.94 per barrel.

2018, August, 20, 14:25:00 ЦЕНА URALS: $71,05341 МИНФИН РОССИИ - Средняя цена на нефть Urals за период мониторинга с 15 июля по 14 августа 2018 года составила $ 71,05341 за баррель, или $ 518,7 за тонну. Согласно расчетам Минфина России, экспортная пошлина на нефть в РФ с 1 сентября 2018 года понизится на $ 5,4 и составит $ 130 за тонну.

2018, August, 17, 12:01:00 OIL PRICE: NOT ABOVE $72 REUTERS - Brent crude oil futures LCOc1 were down 3 cents at $71.40 a barrel by 00229 GMT. U.S. West Texas Intermediate (WTI) crude futures CLc1 dropped 1 cent to $65.45 a barrel.

2018, August, 15, 11:10:00 OIL PRICE: NEAR $72 REUTERS - Front-month Brent crude oil futures LCOc1 were at $72.34 per barrel at 0648 GMT, down by 12 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 23 cents, or 0.3 percent, at $66.81 per barrel.

2018, August, 13, 14:05:00 OIL PRICE: NEAR $73 REUTERS - Benchmark Brent crude oil LCOc1 was up 10 cents at $72.91 a barrel by 0930 GMT. U.S. light crude CLc1 was unchanged at $67.63 a barrel.

2018, August, 10, 10:55:00 OIL PRICE: ABOVE $71 REUTERS - Front-month Brent crude oil futures LCOc1 were at $71.88 per barrel at 0646 GMT, down 19 cents, or 0.3 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were down by 22 cents, or 0.3 percent, at $66.59 a barrel.