Saturday 18 April 2015
 
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US crude

Oil off 2015 peaks, but jumps 9.6pc on the week

Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent's 9.6 per cent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower US production lifted prices. US crude also

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US crude oil output to soar despite price rout

US crude oil production will peak at 10.6 million barrels per day in 2020, a million barrels more than the high forecast a year earlier, undeterred by the worst price rout since the financial crisis, a report said. The US governme

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Oil edges up over betting on higher prices

Oil prices edged up in early Asian trading on Monday following a strong session on Friday, as financial traders increased their bets on higher prices amid a slowdown in US drilling. Front-month Brent crude futures rose 18 cents to

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Oil posts weekly gain over Iran tensions

Oil prices rose on Friday, posting a weekly gain on lift from lowered expectations that an agreement on Iran's nuclear program will result in a rapid return of more Iranian barrels to the market. Strong US refined products fut

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Oil edges back from 6pc fall; outlook weak

Oil prices rose more than a per cent on Thursday, clawing back a part of the 6 per cent slump in the previous session that was triggered by a shock jump in US crude inventories and record Saudi output, although analysts said sentiment remained b

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Oil above $54, comes off 6-week low

Brent crude rose above $54 a barrel on Tuesday, recovering some of the previous session's losses when it dropped to a six-week low, although concerns over a worsening global supply glut kept a lid on gains. US crude, or West T

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Oil prices plunge toward $53 on strong dollar

Oil prices fell on Monday, with US crude dropping nearly 3 per cent to a six-year low as the dollar hit fresh highs and spare oil storage capacity runs low around the world. Both US crude and Brent have dropped steeply this month

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Brent rebounds toward $58 over Mena tension

Brent crude climbed towards $58 a barrel on Thursday for the second straight session as speculators covered their positions ahead of the April contract's expiry, while a strengthening dollar and a build in US crude stocks capped prices.

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Oil rebounds towards $57 after US crude stocks fall

Brent crude rose towards $57 a barrel on Wednesday, paring some of the previous session's sharp losses, after data showed US crude stocks fell for the first time in two months. The benchmark closed nearly 4 per cent down in th

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Oil falls towards $59 on strong dollar

Brent crude fell towards $59 a barrel on Monday as upbeat jobs data pushed the dollar higher, outweighing geopolitical tensions and the threat of output cuts in Libya and Iraq. That came as Goldman Sachs on Sunday forecast oil pri

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