SINGAPORE :Oil prices fell on Thursday as the dollar strengthened, with investors keeping close tabs on developments related to the reduction of Iraqi Kurdistan oil exports.
Producers have shut in or reduced output at several oilfields in the semi-autonomous Kurdistan region of northern Iraq following a halt to the northern export pipeline, with more outages on the horizon, company statements showed. Meanwhile, an unexpected drop in U.S. crude oil stockpiles limited price declines, with imports sliding to a two-year low, based on U.S. Energy Information Administration.
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