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This is the best summary I could come up with:

Following the Saudi statement, Moscow also announced it would continue its additional voluntary supply cut of 300,000 bpd from its crude oil and petroleum product exports until the end of December.

On Sunday, Israel rebuffed growing international pressure for a ceasefire as the top U.S. diplomat scrambled to contain a crisis that threatened to further escalation in neighbouring Lebanon.

“The risk premium associated with the geopolitical backdrop has completely vanished after two weeks of volatile prices,” ANZ analysts said in a note.

Sydney-based IG analyst Tony Sycamore expects oil prices to be driven by headlines from the Middle East and technical charts this week.

He added that WTI needs to hold above support at $80 a barrel in the early part of this week, otherwise prices could drop to the $77.59 low seen in August.

On Friday, the U.S. House of Representatives passed a bill to bolster sanctions on Iranian oil that would impose measures on foreign ports and refineries that process petroleum exported from Iran if it is signed into law.

The original article contains 396 words, the summary contains 172 words. Saved 57%. I’m a bot and I’m open source!

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