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Oil hits three-week lowOil fell to a three-week low near $101 a barrel on Thursday in a broader commodities selloff as a decline in China's factory activity entrenched concern about weak demand and on worries about an early scale-back in US Federal Reserve stimulu More… |
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Brent weakens towards $102Brent crude futures slipped towards $102 a barrel on Thursday as fresh data from China cast doubt on the strength of recovery in the world's second-biggest oil consumer and the dollar weighed on commodity markets. China's More… |
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Oil slips towards $103 on US demand worriesBrent crude oil dropped towards $103 per barrel on Wednesday after data showing a surprise jump in US gasoline stockpiles sparked worries that summer demand in the world's top oil consumer could be weaker than expected. The Am More… |
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GCC: Positive outlook despite oil price dipThe fall in oil prices to below $100 per barrel over the past few weeks has triggered some concerns over the potential impact on the Gulf region’s economy. Brent crude prices fell by some 19 per cent from their peak of $119 More… |
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Brent steady below $103, ECB rate cut supportsBrent crude held below $103 a barrel on Friday, retaining most of its steep gains from the previous session, when an interest rate cut by the European Central Bank boosted investors' appetite for riskier assets. The decision c More… |
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Brent falls 7pc in April on economy woesBrent crude benchmark fell more than 7 percent during April, its biggest monthly decline in 11 months, hurt by economic indicators in recent weeks suggesting the global economy remains in a fragile state. Brent crude futures below More… |
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Oil stems slide on expectations of stimulusBrent oil held near $104 per barrel on Tuesday, as worries about demand outlook were offset by expectations the U.S. Federal Reserve and European Central Bank may do more to stimulate the global economy. Brent rose 3 cents to $103 More… |
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Brent above $100 on Opec supply cut fearsBrent crude held above $100 a barrel on Wednesday, supported by fears that Opec could cut oil supply if prices fall more, although data from major economies pointing to slower growth and fuel demand capped gains. Oil has propped a More… |
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Brent falls below $100 as China PMI disappointsBrent crude fell below $100 a barrel on Tuesday after manufacturing data from China pointed to a lukewarm recovery in the second quarter, denting the outlook for fuel demand in the world's second largest oil consumer. The flas More… |
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Brent rises above $100 on bargain huntingOil futures rose to above $100 a barrel on Monday, extending the two previous sessions' gains as low prices drew buyers back into the market following sharp drops earlier in the month. Brent has lost nearly 8.5 percent since t More… |
