Thursday 28 July 2016
 
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oil price

Oil dips to remain near 3-month lows

Oil prices dipped in Asian trading on Wednesday as plentiful supplies and slowing economic growth weighed on markets, although some analysts said that the current downtrend would be modest and see a recovery later this year. Inter

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Oil dips to remain near 3-month lows

Oil prices dipped in Asian trading on Wednesday as plentiful supplies and slowing economic growth weighed on markets, although some analysts said that the current downtrend would be modest and see a recovery later this year. Inter

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Oil falls on glut concerns despite shale cuts

Oil prices eased in early Asian trade on Tuesday as concerns over a crude and fuel oil glut outweighed an expected cut in US shale production and a likely further draw in US crude stocks. Crude prices fell more than 1 per cent in

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Oil rises as market shrugs off Turkey coup bid

Oil prices rose in Asian trade on Monday, following gains last week, as traders shrugged off the impact of Friday's attempted coup in Turkey, while a weaker dollar and upbeat economic data from the United States lent price support.

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Oil slips on profit taking, US stocks build

Crude futures fell on Wednesday as investors took gains after oil prices surged nearly 5 percent in the previous session, partly on the back of a forecast increase in demand next year. A surprise build in US crude stocks and a str

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Oil slips on profit taking, US stocks build

Crude futures fell on Wednesday as investors took gains after oil prices surged nearly 5 percent in the previous session, partly on the back of a forecast increase in demand next year. A surprise build in US crude stocks and a str

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Asian equities rally as Wall Street hits record high

Asian stocks rose to a 2-1/2-month peak on Tuesday, a day after Wall Street shares hit a record high thanks to a combination of upbeat US data and expectations of more stimulus from global policymakers. MSCI's broadest index o

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Oil edges up on US inventories, weak dollar

Oil prices rose in early trading on Thursday, supported by a report of another fall in US crude inventories as well as a weaker dollar, although a glut of refined products and economic growth concerns continue to weigh on markets.

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Chevron Corp bets $37bn on expansion as oil rises, costs fall

Chevron Corp. will go ahead with a $36.8 billion expansion of the Tengiz oil project in Kazakhstan as crude’s recovery to near $50 a barrel and a steep drop in costs allows explorers to ramp up. The company and its partners

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Oil dips on economic concerns, demand woes

Crude prices dipped in early trading on Tuesday, with Brent falling back below $50 per barrel as economic concerns took center stage with many analysts saying oil demand will stall later this year. International benchmark Brent cr

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