Tokyo — Oil prices inched up on Tuesday, getting support from a decline in oil exports from Opec’s second-biggest producer, Iraq, and from a projected extended fall in US commercial oil stocks. The Organisation of the Petroleum Exporting Countries (Opec) also announced record compliance with an agreement between Opec and non-Opec producers to cut output. London Brent crude for December delivery was up 5c at $57.42 a barrel by 2.58am GMT after settling 38c lower on Monday. US crude for December delivery was up 5c at $51.95. Iraqi oil exports have fallen by more than 200,000 barrels a day so far this month, as shipments from both the north and south of the country declined. Tomomichi Akuta, senior economist at Mitsubishi UFJ Research and Consulting in Tokyo, said the market was focusing more on supportive factors, "such as the Kurdistan situation, the slowdown in shale-related (US) rig counts and the possible extension in Opec (output) cuts." Crude oil exports through the Iraqi Kurdis...
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