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Global average crude freight rates have climbed above $20 per barrel from $3 per barrel a year ago, according to Goldman Sachs analysis released Wednesday. The increase initially started in the very large crude…

The cost of shipping crude oil from the Middle East Gulf to Asia has surged to more than $37 per barrel, over five times prewar levels, as an increasingly complex...

Brent crude jumped 10 per cent to about $80 a barrel over the counter on Sunday, oil traders said. Analysts predicted that prices could climb as high as $100 af
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