REUTERS - Oil prices steadied on Wednesday, supported by news of a fall in Iranian crude supplies as U.S. sanctions deter buyers, but gains were limited by evidence of a rise in U.S. inventories.

REUTERS - Russia is preparing for President Vladimir Putin to visit Saudi Arabia after he received an invitation from Saudi King Salman, agencies cited Deputy Foreign Minister Mikhail Bogdanov as saying on Friday.

REUTERS - Oil prices jumped on Tuesday after Saudi Arabia said it cut production, adding to concerns over global supply as U.S. sanctions against Iran curb its exports, though the prospect of a slowdown in global economic growth kept a lid on markets.

APRNEWS - Crude oil prices fell yesterday after the decision by the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC members to raise crude supplies to about one million barrels by starting from July 1.

The move was aimed at compensating producers for production loss at a time of rising global consumption.

GUARDIAN - Benchmark oil contract Brent North Sea hit $80 a barrel Thursday for the first time since late 2014, extending a recent run higher fuelled by tight supply concerns.