Friday 27 March 2015
 
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Brent

V-shaped recovery in oil prices ‘unlikely’

A V-shaped recovery in oil prices is unlikely and Brent will average $52 per barrel in 2015 and $58 per barrel in 2016, a report said. In the past 15 years, the global economy was defined by rising commodity prices, zero interest

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Brent oil falls below $54 on Opec output, Iran

Brent crude oil fell below $54 a barrel on Friday and was on track for its third straight weekly loss, hurt by worries of rising supplies from Opec and the United States. Intensive efforts to clinch a deal between world powers and

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Brent falls towards $55 as rally fades on inventory

Brent crude futures fell towards $55 a barrel on Thursday after a bigger than expected crude stock build in the US, though losses were limited by a weaker dollar as the Federal Reserve signalled a slower pace of interest rate hikes.

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Brent falls towards $53 after US crude stocks rise

Brent crude fell towards $53 a barrel on Wednesday as US crude stocks were forecast to have surged for the 10th straight week to a new record high, fuelling supply concerns of a global oil glut, although a weaker dollar kept a floor under prices

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Oil above $54, comes off 6-week low

Brent crude rose above $54 a barrel on Tuesday, recovering some of the previous session's losses when it dropped to a six-week low, although concerns over a worsening global supply glut kept a lid on gains. US crude, or West T

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Oil dips 9pc on week on dollar, glut warning

Global oil prices tumbled on Friday and fell 9 per cent on the week, hit by a renewed rally in the dollar and a warning by the International Energy Agency (IEA) that the oil glut is growing. Data that showed a sharp drop in the nu

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Oil climbs above $58 on weak dollar, Iraq fighting

Brent oil futures rose above $58 a barrel on Thursday as the dollar weakened and Iraqi security forces battled Islamic State fighters in Tikrit. The dollar was down 0.66 per cent against a basket of currencies, making dollar-trade

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Brent rebounds toward $58 over Mena tension

Brent crude climbed towards $58 a barrel on Thursday for the second straight session as speculators covered their positions ahead of the April contract's expiry, while a strengthening dollar and a build in US crude stocks capped prices.

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Brent oil hits one-month low below $56

Brent crude oil slipped to a one-month low below $56 a barrel on Wednesday before steadying as a rally in the US dollar and global oversupply weighed. The dollar hit a fresh 12-year high against the euro, gaining more than 1 per c

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Brent crude dips below $58 on strong dollar

Brent crude futures dipped below $58 a barrel on Tuesday as the dollar hit multi-year highs and the oil market remained hobbled by oversupply and weak demand. The US dollar hit a near 12-year peak against the euro and an eight-yea

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