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Oil steadies ahead of US inventory data; Brent below $50Oil prices steadied on Wednesday, pausing from the 2016 highs hit in the previous session, as investors awaited government data on US crude stockpiles that analysts said may be crucial in determining whether a two-day rally is extended. More… |
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Oil near $91 on global growth, oil glut fearsBrent crude futures fell to just above $91 a barrel on Wednesday, holding to a months-long tumble in prices as lower economic growth forecasts raised new concerns about global oil demand amid rising US inventory levels. The Intern More… |
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Oil drops on US inventory gains, weak demandOil dropped on Wednesday, after a surprise gain in US crude inventories and the downgrade of Ireland's credit rating reinforced views of a well-supplied market and a deteriorating demand outlook. China's implied oil demand in June More… |
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Oil slips 3rd day, euro zone debt fears weighOil slipped for a third day on Tuesday as pledges to contain the spread of the euro zone's debt crisis failed to dispel unease among investors about slowing energy demand growth. Ministers from the 17 countries that share the European curr More… |
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Oil up on surprise US inventory drawdownUS oil climbed above $87.20 a barrel on Wednesday, led by strong performances in the global stock markets and a surprise draw down in crude inventories in the world's top oil consumer. US crude for March rose 33 cents to $87.27 a barrel at More… |
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Oil edges down ahead of US inventory dataOil prices edged down on Tuesday as transit through the Suez Canal remained unaffected by the political turmoil in Egypt, while expectations of a build-up in US crude inventories also weighed. US crude for March slipped 24 cents to $87.24 More… |
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Oil steadies above $91 ahead of US stocks dataOil steadied above $91 a barrel on Wednesday, as forecasts for warmer weather in the US Northeast offset expectations for a further drawdown in crude stocks in the world's largest oil user. Nymex crude for February delivery More… |
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Oil slides for 2nd day on US inventory gainOil prices fell for a second day on Wednesday after an industry report showed unexpected gains in US crude and gasoline inventories, while weak US home sales data drove equities lower and dampened risk appetite. Global stock markets fell a More… |
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Oil above $67; eyes inventory data, hurricaneOil was steady above $67 a barrel on Tuesday, after falling the previous day to its lowest level in two weeks, amid persistent worries over the pace of the global economic rebound and revival in energy demand. The market got some support f More… |
