Monday 15 February 2016
 
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Oil Prices

Gold stages comeback as equities melt down

Gold's prospects for a sustained price rally are better than they have been for years as a weaker dollar, crashing oil prices and concerns about the global economy have revived its safe-haven status after years as the dog of global financial

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Oil falls on US storage glut, economic woes

Oil prices slid on Thursday as record US crude inventories at the Cushing delivery point and worries about a global economic slowdown weighed on markets, and Goldman Sachs said prices would remain low and volatile until the second half of the ye

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Oil falls on US storage glut, economic woes

Oil prices slid on Thursday as record US crude inventories at the Cushing delivery point and worries about a global economic slowdown weighed on markets, and Goldman Sachs said prices would remain low and volatile until the second half of the ye

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Oil prices rebound from sharp selloff

Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 per cent fall in the previous session led by concerns over demand and weak equities. Prices were

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No peak oil demand until 2040: BoAML report

A peak in global oil demand is unlikely to occur before 2040 in a sub-$70 oil world, according to a research report from Bank of America Merrill Lynch (BoAML). Over the medium-term, low oil prices will influence the trajectory of

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A new global oil deal could draw lessons from 1998

After a year of secret diplomacy and hushed-up private talks around the world, Opec's mighty Saudi Arabia and rival Venezuela were persuaded to cut a deal by non-Opec Mexico which overcame mutual acrimony and led to a much-needed rise in oil

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European shares drop as oil prices fall, BP posts loss

European equities fell on Tuesday as crude oil prices slipped again and companies like BP reported disappointing earnings. BP fell 9 per cent, its biggest daily decline since mid-June 2010, after reporting its worst annual loss in

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BP posts biggest annual loss, announces massive job cuts

  BP slumped to its biggest annual loss last year and announced thousands more job cuts on Tuesday, showing that even one of the nimblest oil producers is struggling in the worst market downturn in over a decade. The

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Turkey looks to double trade with Iran

Turkey aims to reach $30 billion (in trade) with Iran by 2023, Economy Minister Mustafa Elitas said, adding that Turkey-Iran trade reached $22 billion in 2012 before the slide in oil prices pushed that figure down to $14 billion last year.

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Asia stocks edge up after Japan policy boost

Asian stocks started a new month on a cautious note on Monday, with the Bank of Japan's surprise policy easing sparking some buying but further signs of economic weakness in China and a fall in oil prices keeping investors on guard.

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