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Oil plunges 2pc in worst weekly losing streak in 30 yearsUS oil prices traded below $40 a barrel for the first time since the 2009 financial crisis, ending 2 per cent lower on Friday on signs of US oversupply and weak Chinese manufacturing and notching the longest weekly losing streak in almost three More… |
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Oil sinks near $66 as China factory activity fallsBrent crude dipped towards $66 a barrel on Monday as weak Chinese data added to demand fears, while near-record supplies from Opec producers maintained worries about oversupply. China, the world's second-largest oil consumer, More… |
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Oil prices drop as Saudi output nears recordOil prices dropped on Tuesday after activity in China's factory sector fell to an 11-month low and as Saudi Arabia said its production was close to an all-time high. The flash HSBC/Markit Purchasing Managers' Index (PMI) d More… |
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Oil inches towards $59 on China factory growthBrent crude rose marginally towards $59 a barrel on Wednesday, helped by better than expected Chinese factory activity data, the Federal Reserve's flexible stance on US interest rates and the eurozone's approval of reforms proposed by Gr More… |
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Oil hits 26-month low over China slowdownBrent crude slumped to a more than two-year low under $97 per barrel on Monday as a slew of lacklustre economic data from China, the world's top energy consumer, cast a shadow on the outlook for oil demand amid abundant global supplies. More… |
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Brent steady below $103 despite Libya unrestBrent crude held steady below $103 a barrel on Tuesday, with new unrest in Opec oil producer Libya balanced by concerns of slowing oil demand growth due to weak economic recoveries in China and Europe. Euro zone manufacturing grow More… |
