Saturday 10 December 2016
 
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oversupply

Oil prices down amid oversupply worries

Crude prices fell on Friday amid concern about the persistent oversupply of oil and skepticism that major oil producers will be able to coordinate the production cut they agreed to last month. U.S. crude for November delivery sett

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Oil slips as Venezuela sees 10pc glut in market

Oil prices fell on Tuesday after Venezuela said that global supplies needed to fall by 10 per cent in order to bring production down to consumption levels, and technical indicators also pointed to cheaper crude futures. Global oil

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Oil slips as Venezuela sees 10pc glut in market

Oil prices fell on Tuesday after Venezuela said that global supplies needed to fall by 10 per cent in order to bring production down to consumption levels, and technical indicators also pointed to cheaper crude futures. Global oil

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Oil rises on draw in US crude stocks

Oil prices rebounded in early Asian trade on Thursday after falling around 3 per cent in the previous session, supported by an unexpected fall in US crude inventories. US crude inventories dropped by 559,000 barrels in the week to

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Oil rises on draw in US crude stocks

Oil prices rebounded in early Asian trade on Thursday after falling around 3 per cent in the previous session, supported by an unexpected fall in US crude inventories. US crude inventories dropped by 559,000 barrels in the week to

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Oil edges down on global oversupply worries

Crude prices inched down on Monday in Asia, paring 3 per cent gains in the previous session amid worries over a global oil glut. London Brent crude for November delivery LCOc1 was down 18 cents at $46.65 a barrel by 2245 GMT (6.45

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Oil edges down on global oversupply worries

Crude prices inched down on Monday in Asia, paring 3 per cent gains in the previous session amid worries over a global oil glut. London Brent crude for November delivery LCOc1 was down 18 cents at $46.65 a barrel by 2245 GMT (6.45

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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.

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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.

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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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