Tuesday 3 May 2016
 
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US crude

Oil drops as higher output stokes glut fears

Oil fell on Tuesday as rising output from the Middle East and North Sea renewed concerns about a global supply overhang while economic data painted a negative outlook for the demand outlook. Brent crude futures were trading 44 cen

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Oil drops as higher output stokes glut fears

Oil fell on Tuesday as rising output from the Middle East and North Sea renewed concerns about a global supply overhang while economic data painted a negative outlook for the demand outlook. Brent crude futures were trading 44 cen

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Oil falls on rising Opec crude production

Oil prices dipped in early Asian trade on Monday as rising production in the Middle East outweighed falling US output and the recent slide in the dollar, which has been supporting crude. Brent futures LCOc1 were trading at $47.05

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Oil rises 2pc after supplier meeting agreed

Oil futures rose 2 per cent in Asian trade on Thursday, adding to strong gains in the previous session after the world's biggest suppliers firmed up plans to meet to discuss an output freeze. Oil producers including Gulf Opec

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Oil prices rebound from sharp selloff

Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 per cent fall in the previous session led by concerns over demand and weak equities. Prices were

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Oil prices edge up after volatile session

Oil prices edged up on Tuesday after a volatile session the previous day, with the impact of tension in the Middle East offset by worries over global economic growth. Global oil benchmark Brent LCOc1 was up 22 cents at $37.44 a ba

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Oil hovers near 11-year lows on abundant supply

Oil prices steadied not far off their 11-year lows on Tuesday, under pressure from slowing global demand and abundant supplies, with Saudi Arabia signalling no change to its oil policies and Iran preparing to ramp up exports. Inte

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Oil prices weaken post-Christmas

Oil prices fell on Monday after the long Christmas weekend, with US crudes defending a newly gained premium over internationally traded Brent contracts. Front-month US West Texas Intermediate (WTI) futures were trading at $37.91 p

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Asia stocks dip in light year-end trade

Asian stocks dipped on Monday amid a lack of immediate directional cues in light year-end trade, although Japanese shares managed to rise following a rebound in crude oil prices from multiple-year lows. Investors across asset mark

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Oil surges 3 per cent after US crude stocks drop

Oil rose more than 3 per cent on Wednesday in thin, pre-holiday trading, buoyed by a surprise drop in US crude inventories, but prices stayed near multi-year lows as global supplies remained abundant and Opec lowered the demand outlook for its e

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