Thursday 28 August 2014
 
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London Brent

Oil holds above $80 amid demand uncertainty

Oil extended losses on Thursday on signs US demand is slow to rebound while Europe's fiscal troubles damp expectations for growth. US crude inventories soared last week, a government report showed on Wednesday, while the euro sank to a 10-

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Oil rises above $82 ahead of Opec meet

Oil prices extended overnight gains and rose above $82 a barrel on Wednesday, supported by a weaker dollar and expectations that producer group Opec will keep oil output cuts in place at a meeting later in the day. An industry report that

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Oil steady above $74

US crude was steady above $74 on Monday after stronger-than-expected Japanese growth data eased concerns that energy demand would taper off as China tightens monetary policy. Crude fell for the first time in four days on Friday, touching a

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Oil backs off 5-week high near $79

Oil traded flat at below $79 a barrel, off a five-week high the previous session, as a firming dollar offset colder US weather and concerns over political developments in Iran. US crude for February delivery rose 13 cents to $78.90 a barre

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Oil surges to 4-week high above $78

Oil hit a four-week high above $78 on Monday in thin trading, extending gains into a fourth day, buoyed by signs of an economic recovery in the United States and large declines in US crude inventories. Crude for February delivery rose 54 c

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Oil falls below $76 amid Dubai debt jitters

Oil prices extended their decline from the previous day to fall below $76 a barrel on Friday, as nervous investors, roiled by debt problems in Dubai, pared their positions. Dubai has asked creditors of two of its flagship firms for a stand

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Oil above $78, eyes US crude stocks

Oil edged further above $78 a barrel on Tuesday, after rising more than 1.5 percent a day ago, as traders weighed the impact of a possible rise in US crude stocks against positive manufacturing and home sales data. The continued strength o

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Oil falls over 3pc on economic woes

Oil prices fell more than 3 per cent toward $77 a barrel on Friday, pressured by bearish economic data that dented confidence about a potential recovery in energy demand. Weaker US consumer sentiment in October and consumer spending cuts i

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Oil steadies after 1-year high above $79

Oil prices steadied after hitting a 12-month high above $79 a barrel on Monday, taking a break from seven straight sessions of gains to see if corporate results continue to point to a strong global economic recovery. Solid earnings on Wall

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Oil declines toward $68 on demand concerns

Oil prices extended losses and fell closer toward $68 a barrel on Thursday, as data showing an unexpectedly high build up in US oil and products stockpiles reminded traders that oil prices may have run ahead of the demand fundamentals. Cru

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