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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… |
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Brent climbs above $100 after selloffBrent crude rebounded above $100 per barrel on Wednesday as a steep drop over the past five sessions attracted bargain hunters, while hopes the US Federal Reserve will maintain its monetary stimulus after recent weak data also supported prices. More… |
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Brent below $100 for 1st time since JulyBrent crude sank below $100 a barrel for the first time in nine months on Tuesday amid a wider commodities rout, with investors making a beeline for the exits after recent weak data from China and the United States fuelled worries about oil dema More… |
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Oil below $100 ‘not reasonable’ says IranIran wants oil prices to stay above $100 a barrel, its oil minister said on Sunday after crude touched nine-month lows near $101 on Friday and ahead of Opec's next meeting on May 31. "An oil price below $100 is not reason More… |
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Falling oil prices to test Saudi policySaudi officials should welcome the recent decline in oil prices, which takes benchmark Brent close to the level of $100 per barrel that everyone from the kingdom's oil minister down has said is "reasonable" for bo More… |
