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    <title>Aaj TV English News - Business &amp; Economy</title>
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    <copyright>Copyright 2026</copyright>
    <pubDate>Mon, 06 Apr 2026 04:47:01 +0500</pubDate>
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      <title>Oil prices little changed as markets eye US government reopening</title>
      <link>https://english.aaj.tv/news/330444280/oil-prices-little-changed-as-markets-eye-us-government-reopening</link>
      <description>&lt;p&gt;&lt;strong&gt;Oil prices were little changed on Wednesday after rising in the previous session amid expectations that an end to the longest-ever US government shutdown could boost demand in the world’s biggest crude-consuming nation.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;Brent crude futures slipped 8 cents, or 0.12%, to $65.08 a barrel after gaining 1.7% on Tuesday.&lt;/p&gt;
&lt;p&gt;US West Texas Intermediate crude was down 7 cents, or 0.11%, to $60.97 a barrel, after climbing 1.5% in the previous session.&lt;/p&gt;
&lt;p&gt;The US Republican-controlled House of Representatives is set to vote on Wednesday afternoon on a bill, already signed off by the Senate, that would restore funding to government agencies through January 30.&lt;/p&gt;
&lt;p&gt;A government reopening would boost consumer confidence and economic activity, spurring demand for crude oil, IG market analyst Tony Sycamore wrote in a note.&lt;/p&gt;
&lt;p&gt;An end to the US government shutdown, which has disrupted tens of thousands of flights in the last few days alone, could also lead to a rebound in travel and jet fuel consumption ahead of the upcoming holiday season.&lt;/p&gt;
&lt;p&gt;On the supply side, the fallout is emerging from US sanctions against Russia’s two biggest oil producers, Lukoil and Rosneft, further supporting prices.&lt;/p&gt;
&lt;p&gt;Chinese refiner Yanchang Petroleum is seeking non-Russian oil in its latest crude tender, and Sinopec subsidiary Luoyang Petrochemical has shut for maintenance as an indirect result of the sanctions, Reuters reported on Tuesday.&lt;/p&gt;
&lt;p&gt;The measures last month were the first direct sanctions on Russia imposed by US President Donald Trump since the start of his second term.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>Oil prices were little changed on Wednesday after rising in the previous session amid expectations that an end to the longest-ever US government shutdown could boost demand in the world’s biggest crude-consuming nation.</strong></p>
<p>Brent crude futures slipped 8 cents, or 0.12%, to $65.08 a barrel after gaining 1.7% on Tuesday.</p>
<p>US West Texas Intermediate crude was down 7 cents, or 0.11%, to $60.97 a barrel, after climbing 1.5% in the previous session.</p>
<p>The US Republican-controlled House of Representatives is set to vote on Wednesday afternoon on a bill, already signed off by the Senate, that would restore funding to government agencies through January 30.</p>
<p>A government reopening would boost consumer confidence and economic activity, spurring demand for crude oil, IG market analyst Tony Sycamore wrote in a note.</p>
<p>An end to the US government shutdown, which has disrupted tens of thousands of flights in the last few days alone, could also lead to a rebound in travel and jet fuel consumption ahead of the upcoming holiday season.</p>
<p>On the supply side, the fallout is emerging from US sanctions against Russia’s two biggest oil producers, Lukoil and Rosneft, further supporting prices.</p>
<p>Chinese refiner Yanchang Petroleum is seeking non-Russian oil in its latest crude tender, and Sinopec subsidiary Luoyang Petrochemical has shut for maintenance as an indirect result of the sanctions, Reuters reported on Tuesday.</p>
<p>The measures last month were the first direct sanctions on Russia imposed by US President Donald Trump since the start of his second term.</p>
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      <category>Business &amp; Economy</category>
      <guid>https://english.aaj.tv/news/330444280</guid>
      <pubDate>Wed, 12 Nov 2025 09:31:25 +0500</pubDate>
      <author>none@none.com (Reuters)</author>
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        <media:title>A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023//REUTERS
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