Monday 22 December 2014
 
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Brent

Oil sees biggest gain in 2 years as bears book profits

Oil closed up as much as 5 per cent on Friday, its biggest gain in over two years, as some traders took profits on short positions after prices this week hit their lowest since 2009. A sharp bout of short-covering prior to expiry

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Brent steady below $60, heads for 4th weekly decline

Brent crude held below $60 a barrel, near a 5-1/2-year low, on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year. Oil prices were on track for a fourth straig

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Brent steady below $60, heads for 4th weekly decline

Brent crude held below $60 a barrel, near a 5-1/2-year low, on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year. Oil prices were on track for a fourth straig

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Oil recovers more than $1 on strong data hopes

Oil prices bounced back more than a dollar on Monday, after hitting 5-1/2-year lows of $60.28 earlier in the session, as traders began pricing in expectations of improving manufacturing data to be published later this week. Brent

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Oil sinks below $63 to lowest in more than 5 years

Brent crude oil slipped on Friday to below $63 a barrel, its lowest since July 2009, dragged down by persistent concerns over a global supply glut and a sluggish demand outlook. Brent is down roughly nine per cent this week, some

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Oil edges up toward $65, but Saudi stance cuts gains

Brent crude ticked higher on Thursday but remained below $65 per barrel, and not far above five-year lows hit in the previous session, with the market's bearish tone largely intact. Comments by the Saudi Arabian oil minister s

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Oil hits 5-year low below $66 on oversupply worries

Benchmark Brent crude slipped to its lowest in five years on Tuesday, dropping below $66 a barrel after plunging more than 4 per cent the day before on worries over a deepening supply glut. The chief executive of Kuwait's nati

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Oil plunges below $70 after Saudi price cut

Global oil prices slid further on Friday, with Brent on track for the first weekly close below $70 a barrel since 2010, as strong US employment data did little to lift the oil market's bearish mood a day after Saudi Arabia cut official selli

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Oil rebounds 1pc to $71 after sharp losses

Oil rose more than 1 per cent on Wednesday with Brent climbing above $71 a barrel, recovering slightly from losses in the prior session as a turbulent market struggled to find a price floor. The market has swung between sharp gain

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Oil slips below $72 after sharp rally in volatile market

Brent crude slipped below $72 a barrel on Tuesday, giving up some of the gains seen on Monday when prices rallied for the first time in six sessions and closed up more than 3 per cent. Oil futures on both sides of the Atlantic hav

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