Wednesday 27 July 2016
 
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Oil edges above 3-month lows; mood bearish

Oil prices edged away from three-month lows on Tuesday, supported by a weaker dollar, but concerns of ongoing oversupply weighed on markets and many traders are raising their bets on further price falls. International Brent crude

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Oil falls on profit booking after 3 weeks of gains

Oil prices fell over 1 per cent on Monday as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets. Front-month Brent crude was trading at $44.60 per barrel at 0207

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Looming gasoline glut pulls down crude prices

Crude oil prices fell in early Asian trading on Tuesday on signs of weakening gasoline demand, long a pillar of support for struggling fuel markets, in both North America and Asia. Front month US West Texas Intermediate (WTI) crud

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Looming gasoline glut pulls down crude prices

Crude oil prices fell in early Asian trading on Tuesday on signs of weakening gasoline demand, long a pillar of support for struggling fuel markets, in both North America and Asia. Front month US West Texas Intermediate (WTI) crud

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Oil approaches 20pc fall since beginning of the year

Crude oil prices continued a relentless dive early on Tuesday approaching a 20 per cent drop since the beginning of the year as analysts scrambled to cut their 2016 oil price forecasts and traders bet on further price falls. US cr

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Oil approaches 20pc fall since beginning of the year

Crude oil prices continued a relentless dive early on Tuesday approaching a 20 per cent drop since the beginning of the year as analysts scrambled to cut their 2016 oil price forecasts and traders bet on further price falls. US cr

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Oil up 1pc to $44.66 on short-covering

Brent oil settled 1 per cent higher on Friday on pre-weekend short-covering, while US crude settled lower but just above the $40-per-barrel support it has struggled to defend after a surge in inventories. US crude's expiring s

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Oil inches up above $50 ahead of US stocks data

Benchmark Brent crude oil prices inched up just above a key support level of $50 on Wednesday, recovering from multi-month lows, as investors await US oil inventories data to gauge supply. Oil markets paused for a breather after p

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Oil prices to stay weak for at least a year

Oil is likely to stay relatively weak for at least the next year, a Reuters poll forecast on Thursday, suggesting a slowdown in oil production in the United States will not be enough to offset a global supply glut. Reuters monthly

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US crude prices could drop to $40, warns Goldman

Oil prices will reverse their recent gains as global crude inventories begin to increase again, with US crude likely to drop as far as $40 a barrel in the near-term, Goldman Sachs said. Oil prices rose by almost a third between Ja

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