Monday 29 August 2016
 
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Crude

Oil falls as August price rally seen as overblown

Oil prices fell on Monday as analysts doubted upcoming producer talks would be able to rein in oversupply, saying that Brent would likely fall back below $50 a barrel as August's more than 20-per cent crude rally looks overblown.

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Oil falls as August price rally seen as overblown

Oil prices fell on Monday as analysts doubted upcoming producer talks would be able to rein in oversupply, saying that Brent would likely fall back below $50 a barrel as August's more than 20-per cent crude rally looks overblown.

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Brent crude slides, but on track for third week of gains

Brent crude oil fell on Friday after hitting an eight-week high, as weak fundamentals countered a lift in sentiment over talks next month on a possible output freeze, though futures remained on track to rise for a third consecutive week.

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Oil prices rise, on track for seventh day of gains

Brent crude oil prices rose above $51 a barrel on Friday to hit an eight-week high and were on track to rise for a seventh trading day, as hopes that producers could agree measures to support crude buoyed sentiment. International

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Oil prices give up early gains as oversupply weighs

Oil prices slipped after gains made earlier on Thursday and the previous day as overproduction and large volumes of unsold crude and ample refined products around the world weighed on markets. Brent crude futures were trading at $

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Iran says crude market oversupplied

Iran's Oil Minister said the oil market was oversupplied but predicted balance between demand and supply will be restored, Iranian state television reported.   "The oil market is oversupplied now but the

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Saudi Aramco cuts crude prices to Asia

Saudi Arabia has slashed the September price for its Arab Light crude oil for Asian customers by $1.30 a barrel, the largest cut for the flagship grade in nearly a year, helping to shore up sales ahead of fall in demand in October.

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Opec oil output set to reach record high in July

Opec's oil output is likely in July to reach its highest in recent history, a Reuters survey found on Friday, as Iraq pumps more and Nigeria manages to export additional crude despite militant attacks on oil installations. Top

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Oil dips to remain near 3-month lows

Oil prices dipped in Asian trading on Wednesday as plentiful supplies and slowing economic growth weighed on markets, although some analysts said that the current downtrend would be modest and see a recovery later this year. Inter

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Oil dips to remain near 3-month lows

Oil prices dipped in Asian trading on Wednesday as plentiful supplies and slowing economic growth weighed on markets, although some analysts said that the current downtrend would be modest and see a recovery later this year. Inter

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