Monday 1 September 2014
 
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oil crude

Oil market expected to stay balanced this year: Opec

Global supply and demand for crude oil should continue to be fairly balanced this year, the secretary general of Opec said, signalling the group is likely to leave its existing output ceiling in place at its June meeting. "Lo

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Brent slips below $110 on weak demand outlook

  Brent futures slipped below $110 a barrel on Tuesday on worries of a slowdown in demand growth in China and the United States, two of the world's biggest oil consumers, with a rise in the dollar weighing further on the mark

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Saudi 'acting to lower crude prices'

  Saudi Arabia is acting to lower oil prices, a senior Gulf source said on Tuesday, adding that the majority of Opec producers wanted oil prices around $100 per barrel.   The Gulf source told report

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Brent slips below $113; China in focus

  Brent crude slipped under $113 a barrel in choppy trade on Tuesday, adding to steep losses in the previous session, with some traders saying a hedge fund may be liquidating positions.   The losses

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Commodities 'in long-term growth trend'

Commodities are in a long-term  trend of solid demand growth, and a recent sell-off in natural resources markets is likely to prove a technical downswing, Investec fund manager George Cheveley said.  "I believe in the long-term s

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Brent stays above $100 on Egypt upheaval

Brent crude stayed above $100 a barrel on Tuesday after jumping more than 1 percent the previous day on unrest in Egypt and rising demand expectations. Brent crude for March slid 50 cents to $100.51 a barrel at 0302 GMT, after topping $100

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Oil snaps 3-day losing streak

Oil snapped three straight sessions of declines and rose more than 1 percent towards $71 a barrel on Monday, but analysts said sentiment remains fragile. US crude for July delivery rose 70 cents to $70.74 a barrel by 0455 GMT, while London

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Oil highest since Oct, bonds in focus

Oil hit its highest since October on Thursday as increased demand for raw materials continued, while 10-year Treasury yields eyed their highest levels in eight months on concern over the US budget deficit. World stocks edged up and the dol

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Oil eases $1 after historic one-day surge

Oil paused for breath and shed $1 on Tuesday as investors, still unsure about the impact of the US bailout plan, booked profits after a historic one-day rise in prices of nearly 16 percent in the previous session. Although prices surged a

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Oil steady after sharp losses on slowing US demand

Oil held steady on Thursday, after a second consecutive session of steep losses the day before, as a surprise build in US crude oil inventories, amid flailing demand, weighed down the market. US crude futures eased 7 cents to $134.53 a bar

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