Oil edged higher in a choppy session as investors assessed the status of nuclear talks between the US and Iran.
Lukoil PJSC attempted a surprise push into grains trading from Dubai last year, before the plan was quickly scuppered by US sanctions on the Russian oil giant, according to people familiar with the matter.
Saudi Arabia dropped the price of its main oil grade for buyers in Asia to the lowest in years, a further sign that global supplies are running ahead of demand.
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