Wednesday 31 August 2016
 
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Oil rises as dollar retreats from 2-week high

Oil futures edged up on Tuesday as the US dollar erased earlier gains, but doubts that producers would be able to agree to an output freeze continued to drag on prices. International Brent crude oil futures LCOc1 were trading at $

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Oil rises as dollar retreats from 2-week high

Oil futures edged up on Tuesday as the US dollar erased earlier gains, but doubts that producers would be able to agree to an output freeze continued to drag on prices. International Brent crude oil futures LCOc1 were trading at $

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Brent crude slides, but on track for third week of gains

Brent crude oil fell on Friday after hitting an eight-week high, as weak fundamentals countered a lift in sentiment over talks next month on a possible output freeze, though futures remained on track to rise for a third consecutive week.

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Oil prices rise, on track for seventh day of gains

Brent crude oil prices rose above $51 a barrel on Friday to hit an eight-week high and were on track to rise for a seventh trading day, as hopes that producers could agree measures to support crude buoyed sentiment. International

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Oil may test 2016 highs if Brent passes $50, WTI breaches $48

Oil prices could set new highs for 2016 over the next four to six weeks if Brent crosses the $50-a-barrel threshold and US crude pierces the $48 mark, technical analysts said.   During the session, both benchmark

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Downturn for GCC hotels correlates with oil price: report

Hotels in the GCC have experienced a downturn in performance and overall profitability that correlates with a decline in oil prices, according to data and analysis from STR. Through the first half of 2016, the GCC hotel industry r

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Oil prices slip as short-covering rally fizzles

Oil prices dipped on Friday, ending a two-day rally, as a glut of crude and refined products weighed on markets and investors eyed a possible stutter in China's imports. US West Texas Intermediate (WTI) crude futures fetched $

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Oil prices fall as short-covering rally fizzles, oversupply weighs

Oil prices fell by 1 per cent on Friday as a crude and refined product glut weighed on markets and investors eyed a possible stutter in China's imports, ending a two-day short-covering rally. US West Texas Intermediate (WTI) c

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Oil falls on persistent glut fears, China data supports

Crude futures dipped below $47 a barrel on Friday on concerns that a persistent global glut of crude oil and refined products will impede any price recovery. Losses were capped by slightly better-than-expected Chinese economic dat

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Oil bounces after big losses but glut persists

Oil prices rallied from sharp losses on Thursday but brokers said the downtrend could resume soon as record-high stocks and worries over slowing economic growth dampened sentiment.   Brent crude oil was up 60 cen

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