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Oil edges up at settlement as supply questions vex market

Reuters  |  NEW YORK 

By Jessica Resnick-AultNEW YORK (Reuters) - Crude prices ended the session slightly higher on Thursday as investors weighed the potential disruption to oil flows from major exporter Iran in the face of U.S. sanctions.The market also contended with concerns about Venezuela's crude production slipping further and with bullish drawdowns in U.S. crude inventories.Crude traded up to 3-1/2 year highs early in the session, and then retreated after a bearish inventory figure from energy industry information supplier Genscape, before rallying on geopolitical risks just before the settlement, traders ...

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First Published: Fri, May 11 2018. 01:57 IST