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Brent could reach $55 in 2020 says BarclaysBrent oil price is expected to reach $55 per barrel in 2020, according to a new report by Barclays Capital, which does not expect major supply gap in the market. However, oil prices will increase from 2021, the report said. " More… |
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Brent oil in biggest monthly gain in 7 yearsBrent crude was heading for its biggest monthly rise in seven years on Friday, touching 2016 highs as a weak dollar and falling U.S. production tempered concerns about an excess of physical oil. A looming rise in Middle East outpu More… |
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Oil up 1pc to $44.66 on short-coveringBrent oil settled 1 per cent higher on Friday on pre-weekend short-covering, while US crude settled lower but just above the $40-per-barrel support it has struggled to defend after a surge in inventories. US crude's expiring s More… |
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Stocks end worst quarter in 4 years on upbeat noteGlobal equities ended their worst quarter since the 2011 euro zone crisis on an upbeat note with a rally on Wednesday on hopes that Wall Street had bottomed and the commodities rout was over, while the dollar also rose. Major equi More… |
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Oil gains on Opec production cut talkUS crude futures rose by almost $2 and Brent by more than $1 on Tuesday on the prospect of a production cut by Opec as well as on a weakening dollar and news that Libya had curbed output after rockets hit an area near a refinery. More… |
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Oil price falls to $103 on steady supplyBrent oil fell by more than $1 to $103 a barrel, just above its year low, as higher US jobless claims and a German economic contraction highlighted weak demand, while supplies are ample despite conflicts in Iraq and Libya. The number of More… |
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World stocks at record peak, gold holds gainsAn index of global stocks nestled near record highs on Friday while gold celebrated its biggest one-day rise in nine months as markets wagered monetary policy would stay super loose in the US, Europe and Japan for a long time to come. More… |
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Goldman Sachs raises oil price forecastGoldman Sachs has raised its Brent crude price forecast for 2011 and 2012 on expectations that fuel demand growth will draw on global inventories and strain Opec's spare oil output capacity. The Wall Street bank said it was "structu More… |
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Brent oil surges to $113 on Libya unrestUnrest in Libya and the threat of contagion to other oil producing countries in the region drove Brent crude to $113 a barrel on Thursday, but the selloff in Asian stocks eased as investors started to nibble at beaten-down shares. Copper a More… |
