Thursday 29 January 2015
 
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US crude

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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Saudi slashes oil prices to Europe, ups Asia

Saudi Arabia made deep cuts to its monthly oil prices for European buyers on Monday, a move some analysts said reflects the kingdom's deepening defence of market share, although it also hiked prices in Asia from record lows. S

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Oil near 5-year low, set to post biggest annual drop

Brent oil extended losses into a fourth session on Tuesday, with prices hovering close to a more than five-year low above $57 per barrel, as persistent worries about a global supply glut offset concerns about output disruptions in Libya.

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Oil sinks below $60 amid strong dollar, US oversupply

Oil prices fell below $60 on Friday, tumbling as the dollar strengthened and as a supply glut in top consumer, the US, trumped worries about falling production from Libya. The market had come under pressure from Wednesday's En

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Oil recovers more than $1 on strong data hopes

Oil prices bounced back more than a dollar on Monday, after hitting 5-1/2-year lows of $60.28 earlier in the session, as traders began pricing in expectations of improving manufacturing data to be published later this week. Brent

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US crude tumbles 10pc, brent breaks below $70

US crude tumbled 10 per cent in its biggest one-day drop in more than five years on Friday, and benchmark Brent broke below $70 a barrel, as Opec's decision not to cut output sent oil traders and analysts scurrying to find a new trading floo

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Oil gains on Opec production cut talk

US crude futures rose by almost $2 and Brent by more than $1 on Tuesday on the prospect of a production cut by Opec as well as on a weakening dollar and news that Libya had curbed output after rockets hit an area near a refinery.

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