Oil prices inch up, support from drop in southern Iraq exports

Pump jacks pump oil at an oil field on the shores of the Caspian Sea in Baku, Azerbaijan, October 5, 2017. Picture taken October 5, 2017. REUTERS/Grigory Dukor

Oil prices inched up on Tuesday, getting support from a decline in oil exports from OPEC’s second-biggest producer Iraq and a projected extended fall in U.S. commercial oil stocks.

London Brent crude for December delivery was up 5 cents at $57.42 a barrel by 0258 GMT after settling down 38 cents on Monday.

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