Wednesday 20 June 2018
 
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Brent

Kuwait oil price down 3 cents to $64.72

The price of Kuwaiti oil went down three cents to reach $64.72 per barrel on Friday after it was at $64.75 per barrel the day before, the Kuwait Petroleum Corporation said on Saturday. According to the

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Kuwaiti oil price down 28 cents

The price of Kuwaiti crude oil went down 28 cents and settled at $59.81 per barrel, compared to $60.09 per barrel since last Thursday, said Kuwait Petroleum Corporation, KPC, on Saturday. According to

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Oil price to average at $55 in 2018: S&P

S&P Global Ratings has raised its price assumptions for Brent crude oil to $55 for 2018, while West Texas Intermediate (WTI) and Henry Hub natural gas assumptions remain unchanged for 2018 and 2019. In an article titled "

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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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