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Opec output should remain at current levels to year-endDespite the deal concluded last December between Opec and non-Opec producers, the cartel’s crude oil supply has followed last year’s upward path, said the Bank of America Merrill Lynch (BofAML) in a new report. The bla More… |
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Oil falls on US stocks build, China demand fearsOil prices fell early on Wednesday as an unexpected build in US crude stocks weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps down on alleged tax evasion in the oil industry. Interna More… |
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Oil falls on US stocks build, China demand fearsOil prices fell early on Wednesday as an unexpected build in US crude stocks weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps down on alleged tax evasion in the oil industry. Interna More… |
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Oil edges up but US crude stays below $40Oil prices edged up early on Wednesday, supported by a weaker dollar, but US crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets. US West More… |
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Oil edges up but US crude stays below $40Oil prices edged up early on Wednesday, supported by a weaker dollar, but US crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets. US West More… |
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Oil edges up after US crude breaches $40Oil prices edged up in early trading on Tuesday after US crude broke below $40 per barrel the previous session, but traders said fuel markets continued to be dogged by excess production. US West Texas Intermediate (WTI) crude was More… |
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Oil edges up after US crude breaches $40Oil prices edged up in early trading on Tuesday after US crude broke below $40 per barrel the previous session, but traders said fuel markets continued to be dogged by excess production. US West Texas Intermediate (WTI) crude was More… |
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Oil ends July with worst monthly loss in a yearOil prices steadied on Friday after touching three-month lows during a week-long selloff fueled by a persistent global supply glut, bringing the monthly decline to nearly 15 per cent, the biggest monthly loss in a year for US crude. More… |
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Oil ends July with worst monthly loss in a yearOil prices steadied on Friday after touching three-month lows during a week-long selloff fueled by a persistent global supply glut, bringing the monthly decline to nearly 15 per cent, the biggest monthly loss in a year for US crude. More… |
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Oil rises as market shrugs off Turkey coup bidOil prices rose in Asian trade on Monday, following gains last week, as traders shrugged off the impact of Friday's attempted coup in Turkey, while a weaker dollar and upbeat economic data from the United States lent price support. More… |
