Sunday 28 August 2016
 
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oversupply

Oil falls as Sachs warns on oversupply

Oil prices fell early on Tuesday as analysts including Goldman Sachs warned that August's price rally had been overdone, and that a proposed oil production freeze at current near record levels would not help rein in an oversupplied market.

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Oil falls as Sachs warns on oversupply

Oil prices fell early on Tuesday as analysts including Goldman Sachs warned that August's price rally had been overdone, and that a proposed oil production freeze at current near record levels would not help rein in an oversupplied market.

More…

Oil at 5-week high on hopes of producer action

Oil prices reached their highest levels in more than five weeks on Tuesday as the market rode optimism over potential producer action to prop up the market. Oil production losses in Nigeria, where more than 700,000 barrels per day

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Oil at 5-week high on hopes of producer action

Oil prices reached their highest levels in more than five weeks on Tuesday as the market rode optimism over potential producer action to prop up the market. Oil production losses in Nigeria, where more than 700,000 barrels per day

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IEA sees oil markets slowly tightening after months of oversupply

Oil markets will begin to tighten in the second half of 2016 but at a slow pace as global demand growth declines and non-Opec supplies rebound, the International Energy Agency (IEA) said on Thursday.   The IEA, i

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Oil dips on oversupply; producer meet doubted

Oil prices dipped on Wednesday as a global supply overhang weighed on markets, while talk of a potential producer meeting to discuss propping up prices lent some support but was met with scepticism by analysts. US West Texas Inter

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Oil dips on oversupply; producer meet doubted

Oil prices dipped on Wednesday as a global supply overhang weighed on markets, while talk of a potential producer meeting to discuss propping up prices lent some support but was met with scepticism by analysts. US West Texas Inter

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Oil prices fall as short-covering rally fizzles, oversupply weighs

Oil prices fell by 1 per cent on Friday as a crude and refined product glut weighed on markets and investors eyed a possible stutter in China's imports, ending a two-day short-covering rally. US West Texas Intermediate (WTI) c

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Oil edges up but US crude stays below $40

Oil prices edged up early on Wednesday, supported by a weaker dollar, but US crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets. US West

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Oil edges up but US crude stays below $40

Oil prices edged up early on Wednesday, supported by a weaker dollar, but US crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets. US West

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