Wednesday 24 August 2016
 
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Oil steadies as IEA sees balanced market ahead

Oil prices steadied on Thursday after the International Energy Agency forecast crude markets would rebalance in the next few months following several years of heavy overproduction. The IEA, which advises large developed economies

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Hardwood chip prices fall to record low

The prices for globally traded hardwood chips fell to a record low in May 2016, while softwood chip prices reached the highest level in seven months, according to the latest FOEX Chip Price Indexes. Global trade of hardwood chips

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UK house price growth edges up, no Brexit effect yet

British house prices rose at their fastest annual pace in four months in July, in data that might not yet reflect any impact from June's vote to leave the European Union, mortgage lender Nationwide said on Thursday. "The

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Oil falls towards $44, lowest since May

Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply. Brent crude is still up more than 60 percent from a

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Oil falls towards $44, lowest since May

Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply. Brent crude is still up more than 60 percent from a

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Oil prices slide on oversupply, economic headwinds

Oil prices fell on Monday, holding near two-month lows amid worries that a global glut of crude and refined products would weigh on markets for some time.   Brent crude futures were trading at $45.45 a barrel at

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Oil steadies as US inventories send mixed signals

Oil prices steadied after the US Energy Department reported a ninth consecutive weekly drawdown of crude stocks but an overall build in oil inventories.   US West Texas Intermediate crude for September delivery,

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Oil prices fall on oversupply concerns despite output cuts

Oil prices eased on Tuesday as concerns over a crude and refined fuel glut outweighed an expected cut in US shale production and a probable further draw in US crude inventories.   Crude prices fell more than 1 pe

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UAE apartment, villa prices down in Q2

The apartment and villa prices fell marginally (under one per cent on average) in the prime UAE markets of Dubai and Abu Dhabi with 12-month declines of six per cent and four per cent respectively, said a report. The average rents

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Oil climbs as market seen in balance, but slow demand weighs

Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed.   Brent crude futures were trading at $50

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