Friday 18 April 2014
 
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US oil falls to 10-week low as Mubarak resigns

US oil prices fell to a 10-week low after Egyptian President Hosni Mubarak stepped down and handed over power to the army. Mubarak's departure came after 18 days of mass protests that had raised concern about potential for supply disru

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Oil up on surprise US inventory drawdown

US oil climbed above $87.20 a barrel on Wednesday, led by strong performances in the global stock markets and a surprise draw down in crude inventories in the world's top oil consumer. US crude for March rose 33 cents to $87.27 a barrel at

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Oil steadies above $91 ahead of US stocks data

Oil steadied above $91 a barrel on Wednesday, as forecasts for warmer weather in the  US Northeast offset expectations for a further drawdown in  crude stocks in the world's largest oil user. Nymex crude for February delivery

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World economy ‘can withstand $100 oil price’

The global economy can withstand an oil price of $100 a barrel, Kuwait's oil minister said on Saturday, as other exporters indicated global production was unlikely to rise in 2011 because the market was well supplied. Analysts have sai

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Oil hovers near two-year high, eyes $91

Oil prices climbed near a  two-year high on Thursday, boosted by an unexpected surge in  global demand that has fueled the biggest drop in US crude  stockpiles in more than a decade. US crude for February rose 19 cents to $9

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Oil slips on China rate hike worry

Oil prices fell on Friday in choppy trading, finishing with a weekly loss as concerns that China's moves to cool inflation will curb energy demand, while slumping gasoline futures hit crude futures which had risen on news of surging Chinese im

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Oil at $84; US inventories, Europe in focus

Oil was steady near $84 on Wednesday, capped by a stronger dollar as financial markets  remained focused on Europe's debt problems, while an industry  report signalled a drawdown in US fuel inventories may be  slowing. US cr

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Oil retraces after jump, holds above $85

Oil slipped on Tuesday, retracing part of the sharp gains seen in the previous  session, while traders awaited further evidence that  inventories were draining amid hopes of a surge in demand for  heating in sight. Prices cl

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Oil slips on higher US crude stock forecast

Oil slipped on Tuesday on forecasts for gains in US crude and gasoline inventories, a stronger dollar and technical analysis signalling Monday's rally to a two-month high was overdone. US crude for November shed 23 cents to $81.24 a ba

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Oil steady near 2-month high

Oil was steady on Monday after earlier touching a two-month high near $82 on expectations that the slow pace of the US economic recovery will prompt a monetary boost that would spur energy consumption. November US crude fell 1 cents $81.57

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