Saturday 1 August 2015
 
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oversupply

Oil falls on glut fears, weaker dollar support

Oil prices fell in Asian trade on Wednesday as concerns over global oversupply outweighed the impact of a likely larger than expected draw in US crude stocks and a weakening dollar. Asian investors focused on OPEC production figur

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Oil hits 4-month low on China, glut worries

Oil prices fell close to four-month lows in early Asian trade on Tuesday after stock market sell-offs on both sides of the Pacific rattled investor sentiment about the Chinese economy, adding to concerns about a global oil glut. B

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Oil hits 4-month low on China, glut worries

Oil prices fell close to four-month lows in early Asian trade on Tuesday after stock market sell-offs on both sides of the Pacific rattled investor sentiment about the Chinese economy, adding to concerns about a global oil glut. B

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Oil hits lowest since March on glut fears

Oil prices fell on Monday after closing the previous session at their lowest levels since March on renewed oversupply concerns from the United States and Iraq, although a weaker dollar helped to limit deeper losses. Investors are

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Oil prices climb, but stay in bear market territory

Oil prices edged up on Friday after closing at their lowest in months in the previous session as oversupply and disappointing Chinese factory activity dragged on the market. Oil prices in the US have slumped more than 20 per cent

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Oil drops on stronger dollar, ample supply

Oil prices edged lower on Tuesday, dragged down by a firm dollar and ample supply of both crude and refined products. Expectations of more Iranian supply following a nuclear deal and concerns that economic worries in China and Eur

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Oil prices fall over 'imminent' Iran deal

Oil prices dipped early on Tuesday as the market awaited an announcement on a nuclear deal between Iran and six global powers that could see an easing of sanctions against Tehran and a gradual increase of its oil exports. Sources

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Iran deal would add to oil glut

Any nuclear deal between Iran and six world powers loosening sanctions against Tehran could flood an oversupplied oil market with more fuel, yet sectors like cement and steel would see a rise in demand as the country works to revitalise its ec

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Oil prices bounce but oversupply worries drag

Crude oil prices bounced on Thursday following losses earlier in the week, with Chinese stocks picking up after the government put in place new efforts to stop a rout that had knocked off a third of the country's share market value.

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Oil prices bounce but oversupply worries drag

Crude oil prices bounced on Thursday following losses earlier in the week, with Chinese stocks picking up after the government put in place new efforts to stop a rout that had knocked off a third of the country's share market value.

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