Monday 23 October 2017
 
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Brent

Oil gains as US stockpiles decline, Opec cuts weigh

Oil extended gains on Thursday as signs of declining US stockpiles and ongoing supply cuts led by Opec pointed to healthy demand while investors weighed potential disruptions to supply because of global geopolitical tensions. Futu

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Brent likely to average $50 this year: report

A Bank of America (BofA) Merrill Lynch research study has cut the average Brent forecasts to $50 this year and $52 per barrel (/bbl) next year, from $54 and $56/bbl before. By increasing output in 4Q16 ahead of the cuts in 2017, O

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Brent likely to average $50 this year: report

A Bank of America (BofA) Merrill Lynch research study has cut the average Brent forecasts to $50 this year and $52 per barrel (/bbl) next year, from $54 and $56/bbl before. By increasing output in 4Q16 ahead of the cuts in 2017, O

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Brent to average $54 in 2017: report

With global oil stocks still too high and US supply recovering faster than we anticipated, Brent is seen averaging $54 per barrel in 2017 and $56 per barrel in 2018, says a Bank of America Merrill Lynch (BofAML) report. The sharp

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Brent may hit $57 if Opec extends output cuts

Brent crude may average $57 for a barrel this year, if a six-month extension of Opec production cut is realised, said a report citing Samba Financial Group.   Next year, Brent crude may average higher – $62

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Oil hits 18-month high at $58.37

Oil prices hit 18-month highs on the first full trading day of the new year as reports suggested Opec member states have begun to reduce production. Brent crude rose more than 2 percent to $58.37, up $1.55 a barrel and its highest

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Oil prices stay strong at over $50/barrel

Oil prices settled above $50 in early Asia trade Friday, owing to declining US inventories and reports that key members of the Organization of the Petroleum Exporting Countries (Opec) and Russia will meet next week to discuss Russia’s part

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Oil steady after rise on Russia-Saudi pact

Brent crude prices were steady on Tuesday, holding most of their gains from the previous session when top producers Russia and Saudi Arabia agreed to cooperate on stabilizing the oil market. London Brent crude for November deliver

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Oil dips on strong dollar; rise in US stocks

Crude oil futures fell in early trade on Wednesday as the US dollar held around three-week highs and industry stocks data indicated a build in US crude inventories. International Brent crude oil futures LCOc1 were trading at $48.2

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Oil dips on strong dollar; rise in US stocks

Crude oil futures fell in early trade on Wednesday as the US dollar held around three-week highs and industry stocks data indicated a build in US crude inventories. International Brent crude oil futures LCOc1 were trading at $48.2

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