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Oil pares losses after Saudi price increase

Reuters
Summary
Nutrition label

78% Informative

Brent crude futures rose 14 cents , or 0.19% , to $ 74.75 a barrel by 0148 GMT .

Saudi Aramco announced it would sharply increase prices to buyers in Asia for March delivery.

Oil prices had fallen more than 2% on Wednesday as a large build in U.S. crude and gasoline stockpiles signalled weaker demand.

VR Score

88

Informative language

95

Neutral language

50

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links