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Stocks Fall, Dollar Sinks as Politics Take a Toll

EghtesadOnline: U.S. stocks sank Friday and the euro climbed to its highest level against the dollar since January 2015 as investors assessed an investigation into U.S. President Donald Trump that may stall his economic agenda. European shares fell as the common currency’s rally weighed on carmakers and other exporters. Oil slumped after reports that OPEC supply increased this month.
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Publish Date:22/July/2017 | 04:33

oil up 1 percent, posts weekly gain of 5 percent

EghtesadOnline: Oil rose 1 percent on Friday, boosted as U.S. crude producers added only two rigs in the latest week and on signs of increased Chinese demand, but trading was volatile as global supply remained strong.
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Publish Date:15/July/2017 | 04:57

Iran Crude Prices Up, Exports Above 2 mbpd

EghtesadOnline: Iran's crude oil traded at about $43 per barrel in the week to June 30 amid concerns about rising US crude inventories and limited impact of an OPEC-led scheme to reduce supplies and raise prices.
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Publish Date:10/July/2017 | 08:23

Oil recovers some losses but market still under pressure

EghtesadOnline: Oil prices recovered some losses on Monday after a 3 percent fall in the previous session, but markets remain under pressure from high drilling activity in the United States and ample supplies from producer club OPEC.
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Publish Date:10/July/2017 | 05:41

Oil dips on OPEC supply rise, but political risk supports

EghtesadOnline: Oil dipped on Wednesday, pulled down by another rise in OPEC supplies despite a pledge to cut production, but geopolitical tensions in the Korean peninsula and the Middle East put a floor under prices.
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Publish Date:05/July/2017 | 05:28

MP Sees Bleak Outlook for Global Crude Market

EghtesadOnline: A reinvigorated shale oil industry and higher supplies from other producers will continue to keep prices in check, Hossein Amiri-Khamkani, a member of Majlis Energy Commission, said.
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Publish Date:03/July/2017 | 09:16

Oil prices rise on first drop in U.S. drilling in months

EghtesadOnline: Oil prices rose on Monday, lifted by the first fall in U.S. drilling activity in months, although gains were capped by reports of rising OPEC output last month even as the group has pledged to cut supply.
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Publish Date:03/July/2017 | 04:43

Stocks Are Ignoring Oil's Bear Market

EghtesadOnline: The bear market in crude in many ways resembles its more severe predecessors from 2014 and 2016: oil prices plummeting, non-U.S. producers floundering to keep supply at bay and concerns swirling around the impact of energy companies on high-yield bonds.
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Publish Date:24/June/2017 | 04:55

Oil prices hold near seven-month lows, glut keeps dragging

EghtesadOnline: Oil markets held around seven-month lows on Tuesday as investors focused on persistent signs of rising supply that are undermining attempts by OPEC and other producers to support prices.
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Publish Date:20/June/2017 | 05:34

Oil prices dip on further rise in U.S. drilling, demand slowdown

EghtesadOnline: Oil prices dipped on Monday, weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies despite an OPEC-led initiative to cut production to tighten the market.
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Publish Date:19/June/2017 | 04:37

Oil Slips as Gulf Diplomatic Clash Seen to Have Limited Impact

EghtesadOnline: Oil dropped to the lowest level in more than three weeks as the market refocused on glut concerns after a diplomatic clash involving Saudi Arabia and Qatar was seen as having a limited impact on supply.
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Publish Date:06/June/2017 | 08:35

Expert Links OPEC Supply Cut Deal to Political Concord

EghtesadOnline: Had OPEC producers not compartmentalized political disagreements from economic issues, they would not have succeeded in extending the oil production cut deal for nine more months to battle the global glut, the former head of petroleum market studies department at the Oil Ministry said.
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Publish Date:29/May/2017 | 05:53

Cheer Up, OPEC: Oil Price Slump May Yet Prove to Be ‘Knee Jerk’

EghtesadOnline: Saudi Arabia’s Energy Minister Khalid Al-Falih said he had no interest in the “knee jerk” reactions of the oil market when crude prices collapsed on Thursday as he sought to explain OPEC’s deal to prolong supply curbs. According to Bloomberg, here’s some evidence that he could be right in believing the slump won’t last.
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Publish Date:27/May/2017 | 03:49