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Brent rises above $100 on bargain huntingOil futures rose to above $100 a barrel on Monday, extending the two previous sessions' gains as low prices drew buyers back into the market following sharp drops earlier in the month. Brent has lost nearly 8.5 percent since t More… |
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With stimulus effect over, analysts see cheaper oilSlowing global economic growth and receding worries over a loss of Middle East supply are likely to bring lower oil prices for the rest of this year and in 2013, a Reuters poll shows. Hopes that economic stimulus measures and new More… |
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Oil above $97 ahead of Opec meet, Greek pollsBrent crude oil gained on Wednesday, with investors awaiting the outcome of the meeting this week of the producer group Opec, while gains were capped by worries about Europe's debt crisis and prospects for oil demand. Iran's oil exports ha More… |
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Brent drops after China data, stays below $102Brent crude fell on Friday, staying below $102 per barrel and extending its May swoon, after weak manufacturing activity data from No. 2 oil user China fueled further selling ahead of a key US employment report. China's official Purchasing More… |
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Oil ends with biggest monthly loss since Dec '08Crude oil futures dropped on Thursday by more than 1 per cent, ending May with their biggest monthly decline in more than three years as bloated US stockpiles and weak economic data added to worries about the euro zone crisis, all dampening oil de More… |
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Brent falls $1 as demand outlook worsensNorth Sea Brent crude oil fell more than $1 per barrel on Tuesday, hit by reports of high oil production and expectations of lower demand as economic growth slows in the West. Brent crude futures for June slipped to a low of $112.11, down More… |
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US crude down $2 on higher Opec outputBrent crude futures dropped below their 100-day moving average on Thursday, the first time front-month Brent has moved under that level since January, and US crude fell $2 as economic concerns and higher Opec production weighed on prices. More… |
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Oil eases below $123 after Q1 rallyOil slipped below $123 a barrel on Monday, following a 14 per cent rise in the first quarter, as economic contraction in Europe outweighed a brighter outlook in China and global supply concerns. The euro zone's manufacturing sector shrank More… |
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Brent heads towards $125 on US stocks, dollarBrent crude edged towards $125 a barrel on Wednesday, rebounding from sharp losses a day earlier, as lower-than-expected US crude stocks and a weaker dollar offset the prospect of top exporter Saudi Arabia ramping up supply. Industry data More… |
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Brent rises above $125 on Greece debt hopesBrent crude rose above $125 a barrel on Friday, posting its sixth weekly gain in seven, as Greece successfully closed its bond swap offer for creditors, a key step towards securing an international bailout to avoid a messy default. Prelimi More… |
