Thursday 28 August 2014
 
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Brent

Brent falls below $102; near 14-month low

Brent crude fell below $102 a barrel on Monday, drawing close to a 14-month low hit last week, as ample supply and a stronger US dollar continued to pressure oil markets. Geopolitical tensions in Ukraine and Libya underpinned oil,

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Brent weakens below $103 on rising supply

Brent crude oil futures drifted lower on Friday, further below $103 a barrel, as a strong dollar and plentiful supplies continued to pressure prices. October Brent crude was down 13 cents to $102.50 a barrel by 1122 GMT. US crude

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Brent drops below $102 on China concerns

Brent slipped below $102 a barrel on Thursday, near a 14-month low hit earlier this week, as concerns over excess oil supply and slowing demand weighed on prices. A survey on China's factory activity showed that growth in the

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Brent falls below $103 on higher Libyan output

Brent crude fell below $103 a barrel on Monday as Libya increased its oil output and as worries over supply from key producer Iraq eased. The drop came following a jump of more than $1 a barrel in benchmark prices on both sides of

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Brent ‘not likely to fall below $100 for long’

Saudi Arabia’s oil buffer is ample and Brent will not likely fall below $100 per barrel for long, unless Saudi wants it to, said a report released by BofA Merrill Lynch Global Research. If oil averages $105 per barrel, Saudi

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Oil near 13-month low over ample supply

Brent crude slipped below $103 a barrel on Wednesday to trade near its lowest level in more than a year as ample supplies countered any disruption risks posed by lingering tensions in Iraq and Libya. It was the fourth day of losse

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Oil hits 9-month low on ample supply

Brent crude oil fell below $104 a barrel on Tuesday, its lowest level in nine months as steady supplies dispelled concerns over potential disruptions in producers such as Iraq and Libya. The International Energy Agency (IEA) said

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Brent holds above $105, Iraq oil output steady

Brent crude hovered above $105 a barrel on Monday, dropping from a one-week high hit on Friday, as US intervention in Iraq eased concerns over the risk of disruption to supply from Opec's second-largest producer. Analysts have

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Oil gains $1 on plans for US air strikes in Iraq

Brent crude oil rose by more than $1 towards $107 on Friday after the United States approved air strikes against Islamist militants in Iraq, raising concerns over the security of oil supplies from Opec's second largest producer. Pre

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Oil prices tumble on oversupply, weak demand

Brent and US crude futures tumbled on Friday to the lowest settlement prices in months, as oversupply in the Atlantic basin and low demand outweighed worries over political tensions in the Middle East, North Africa and Ukraine. Oi

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