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Oil prices fall on record Saudi outputOil prices fell early on Thursday as a build in US crude inventories and record Saudi Arabian production weighed on markets. US West Texas Intermediate (WTI) crude futures CLc1 were trading at $41.34 per barrel at 8.32 p.m. ET, do More… |
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Oil edges up on US inventories, weak dollarOil prices rose in early trading on Thursday, supported by a report of another fall in US crude inventories as well as a weaker dollar, although a glut of refined products and economic growth concerns continue to weigh on markets. More… |
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Brent rises above $124 on US stockpile dropBrent crude climbed above $124 a barrel on Thursday as US crude inventories fell unexpectedly last week and a sharply weaker dollar triggered a rush into riskier assets. The dollar struck its lowest in almost three years against a basket o More… |
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Oil at $84; US inventories, Europe in focusOil was steady near $84 on Wednesday, capped by a stronger dollar as financial markets remained focused on Europe's debt problems, while an industry report signalled a drawdown in US fuel inventories may be slowing. US cr More… |
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Oil at 6-month high as US inventories tumbleOil climbed to a six-month high above $84 for a second straight session after an industry report showed declines in US inventories across fuel categories, a sign chronic oversupply may subside at the world's top user. US crude for Dece More… |
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Oil falls towards $77 on US inventory dataOil retreated by 0.8 per cent towards $77 on Thursday, slipping from its highest since early May, as the pace of demand growth was questioned following mixed economic and inventory data from the US. US industrial production rose faster tha More… |
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Oil gains towards $72 on US inventory dropOil edged higher towards $72 on Tuesday as a forecast for another drop in US inventories helped stabilise a volatile market driven by concerns that Europe's debt crisis would cut into energy demand. US crude stockpiles probably fell by 900 More… |
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Oil above $70; US inventories supportOil stood above $70 a barrel on Thursday, extending its gains of the previous day, propped up by a smaller-than-expected rise in US crude stocks and gains in the euro currency. The euro held above four-year lows on Thursday, as its latest More… |
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Oil falls towards $83 after US stocks soarOil fell towards $83 after soaring US inventories signalled demand in the world's top energy user is lagging the recovery in the global economy. The International Monetary Fund said the world's recovery from recession had been quicker than More… |
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Oil drops below $85 on downbeat sentimentOil prices fell for the third day in a row, retreating further from 18-month highs, as bloated inventories stoked concerns about weak demand and technical signals sparked a selloff. The downturn erased early gains fueled by economic optimi More… |
