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* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but
By Claudia AssisThe oil-exporting kingdom is now dealing with the shutdown of its East-West pipeline. Energy prices 'are only going to rise on the back of this.'Satellite image showing fire damage and extensive blackened areas in and around the East-West pipeline pumping station in Saudi Arabia fol…