Friday 27 February 2015
 
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US crude

Oil above $62 after Saudi comments on demand

Oil rose above $62 a barrel on Thursday as indications of a coming recovery in demand offset a further jump in US crude stockpiles which underlined currently ample supplies. Crude benchmarks in the US and Europe posted their large

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Oil falls sharply over Saudi output rise concerns

Oil prices tumbled on Thursday as US inventories were expected to hit record highs, while a possible rise in Saudi output could stoke oversupply built up in the past few months. Meanwhile, production from the world's biggest e

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Higher oil forecasts hint Opec tactics are paying off

The world's three big energy agencies are forecasting higher demand for Opec's crude oil this year, a sign the producing nations' strategy to let prices fall is starting to win them back market share from rivals who are cutting outpu

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Oil tops $60 for first time in 2015; glut persists

Oil hit its highest level for the year on Friday with Brent crude rising above $60 a barrel, as eurozone economic growth exceeded expectations and market bulls priced in another drop in the US oil rig count. Bets that falling expl

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Oil supply glut abating? US crude stock build-up slows

Brent crude held steady above $56 a barrel on Wednesday, and US crude rose briefly more than $1, after a smaller than expected rise in US crude stocks were viewed by some as a sign that a supply glut was starting to abate. The gai

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Oil holds above $56 as US crude stocks edge up

Brent crude held steady above $56 a barrel on Wednesday, and US crude rose briefly more than $1, after a smaller than expected rise in US crude stocks were viewed by some as a sign that a supply glut was starting to abate. The gai

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Oil inches above $48 amid weak outlook

Oil prices edged up on Wednesday in a further sign of support around current levels, but analysts fretted that the outlook for the next six months remained bleak due to oversupply. Oil fell as much as 5 per cent on Tuesday after t

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Volatile oil dips over high US crude stockpile

Crude oil dipped in early Asian trade on Thursday after a volatile session the previous day, when prices rebounded sharply from near-six-year lows that reflected a global oversupply. Wednesday's 4.5 per cent surge in Brent cru

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Oil rout continues despite record China imports

Global oil prices continued the week's rout with benchmark Brent crude falling for a fourth consecutive session on Tuesday to its lowest in almost six years, despite China reporting record crude imports. Oil fell 5 per cent to its l

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Oil prices edge up above $53 after 5pc plunge

Oil edged up on Tuesday, recovering from a five per cent plunge in the previous session that saw prices touch fresh 5-1/2 year lows in an oversupplied market. Growth in oil supplies showed no sign of abating, with output in Russia

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