Oil headed for a weekly surge of more than 7% as an ongoing disruption to Iraqi exports tightened the market ahead of US inflation data.
Wintershall Dea announced that the acquisition of a 37% non-operated participating interest in the oil producing Hokchi Block offshore Mexico was completed on 30 March.
Oil held its first drop in three sessions as lagging US diesel demand overshadowed a disruption to shipments from Turkey.
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