Friday 27 May 2016
 
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oversupply

Oil eases as focus returns to oversupply

Oil prices slipped on Friday as a strong dollar and recent gains incentivised investors to cash in, while focus shifted again to swelling global inventories that have cushioned the impact from unplanned supply outages. Global benc

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Oil drops as higher output stokes glut fears

Oil fell on Tuesday as rising output from the Middle East and North Sea renewed concerns about a global supply overhang while economic data painted a negative outlook for the demand outlook. Brent crude futures were trading 44 cen

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Oil drops as higher output stokes glut fears

Oil fell on Tuesday as rising output from the Middle East and North Sea renewed concerns about a global supply overhang while economic data painted a negative outlook for the demand outlook. Brent crude futures were trading 44 cen

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Crude dips as global glut outweighs Kuwait oil strike

Crude futures slipped on Tuesday on a persistent global glut and the failure of a producer meeting at the weekend to rein in the ballooning oversupply, although a sharp drop in output in Kuwait due to an oil worker strike underpinned prices brie

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Oil falls as oversupply fears mount again

Oil prices fell in Asian trade on Tuesday, extending losses from the session before as concerns start to take hold that a six-week recovery will peter out as markets remain oversupplied. Saudi Arabia and non-Opec member Russia, th

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Oil prices stable as market seen bottoming

Oil prices were stable in early trading on Monday, with global oversupply and slowing economic growth weighing on markets but prospects of falling production lending some support. US crude futures were trading at $38.41 per barrel

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Oil prices stable as market seen bottoming

Oil prices were stable in early trading on Monday, with global oversupply and slowing economic growth weighing on markets but prospects of falling production lending some support. US crude futures were trading at $38.41 per barrel

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Oil dips on stronger dollar, demand fears

Oil prices dipped on Wednesday, weighed down by a strengthening US-dollar and concerns over slowing demand, although falling US production lent crude markets some support. US crude futures CLc1 were trading at $36.46 per barrel at

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Oil falls on glut, global economic growth concerns

Oil prices fell on Thursday on concerns about oversupply amid a slowing global economy, although strong US gasoline demand helped limit losses. The lack of any immediate action by the world's largest exporters to follow throug

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Oil rises on lower US rig count, but glut weighs

Oil prices recovered on Monday following steep losses in the previous session, supported by a fall in the number of US rigs in use, but analysts said general oversupply was keeping the market weak. US West Texas Intermediate (WTI)

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