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Rigzone Industry News

1. Oil Posts Weekly Gain as Market Tightens

   Oil rose this week amid signs of a tightening physical market while traders continue to assess lingering Middle East risks.

2. India Grants Marine Insurance Approval for Russian Firms

   India has granted marine insurance approval to four Russian firms.

3. Oil Rises on Weaker US Dollar

   Oil erased earlier losses to top $83 a barrel as a weaker dollar boosted commodities priced in the currency.

4. USA Crude Oil Stocks Drop More Than 6MM Barrels WoW

   Crude oil stocks in the U.S., not including the SPR, stood at 453.6 million barrels on April 19, according to the EIA.

5. European Gas Traders Are Already Worrying About Next Winter

   Traders are getting agitated again.