oil prices - page 12

Oil Set for Longest Run of Weekly Losses Since 2015 Amid Glut

EghtesadOnline: Oil headed for the longest run of weekly losses since August 2015 as U.S. crude stockpiles remain stubbornly high and as Libyan production climbs toward the most in four years.

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Publish Date:16/June/2017 | 07:12

Oil prices fall on OPEC output increase, rising U.S. crude stocks

EghtesadOnline: Oil prices fell around 1 percent on Wednesday after data showed a build in U.S. crude stocks and OPEC reported a rise in its production despite its pledge to cut back on output.

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Publish Date:14/June/2017 | 07:05

Stocks, Currencies Mixed Ahead of Fed; Oil Slumps

EghtesadOnline: Asian equities were mixed, with solid gains in Australia and New Zealand offset by China, where markets weakened despite data showing resilience in retail sales and industrial output. The dollar held declines and Treasuries edged higher ahead of the Federal Reserve’s policy decision.

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Publish Date:14/June/2017 | 06:33

Oil Rises After Third Weekly Loss as Saudi Arabia Sees Recovery

EghtesadOnline: Oil steadied after a third weekly loss as predictions by Saudi Arabia and Russia that crude markets will rebalance vied with signs that U.S. companies are drilling even more wells.

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Publish Date:12/June/2017 | 24:38

Majlis Report Sees Future in Liquefied Natural Gas

EghtesadOnline: With natural gas prices closely associated with movements in global crude oil benchmarks, it is not economically viable to export gas as long as oil is struggling at around $50 a barrel.

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Publish Date:12/June/2017 | 08:28

Crude Falls for Third Week as Glut Persists After OPEC Cuts

EghtesadOnline: Oil fell for a third week as rising supplies from the U.S. to Nigeria to Libya showed that OPEC is still struggling to clear a global glut.

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Publish Date:10/June/2017 | 06:43

Dollar Drops With Stocks, Bonds Gain Amid Caution

EghtesadOnline: The dollar weakened and equities retreated as investors turned cautious following a seven-week surge for global stocks. Bonds gained with gold while oil fluctuated.

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Publish Date:06/June/2017 | 08:52

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

For OPEC, Saudi-Qatar Crisis Is Just Latest Family Squabble

EghtesadOnline: The diplomatic clash between Qatar and three Arab allies flared regional tensions and caused oil prices to jump. For OPEC, it’s likely to remain business as usual.

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Publish Date:06/June/2017 | 08:30

Oil Rebounds After Saudi-Led Alliance Cuts Qatar Ties Over Iran

EghtesadOnline: Oil rebounded after a Saudi-led alliance cut diplomatic ties with Qatar and moved to close off access to the Gulf country, raising tensions in the world’s biggest oil-producing region.

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Publish Date:05/June/2017 | 10:23

Oil Gains on Gulf Crisis; Metals Hit Europe Stocks

EghtesadOnline: Oil climbed as a political spat between several energy-producing nations in the Middle East escalated, while a slide in industrial metals dragged European stocks lower. The pound pared earlier losses in the wake of a terror attack in London.

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Publish Date:05/June/2017 | 09:50

Oil in the $50s Is New Reality for CEOs Gathering in Russia

EghtesadOnline: A crude price in the $50s is the new reality for bosses of some of the world’s largest producers as output caps from OPEC and its allies are balanced out by rising U.S. shale.

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Publish Date:03/June/2017 | 03:55

Stocks in Upbeat Mood as Oil Rises, Havens Slip

EghtesadOnline: European stocks were poised to snap a five-day losing streak amid a broad-based rally. The pound declined as better-than-expected manufacturing data failed to offset political risk before the impending election, and crude bounced.

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Publish Date:01/June/2017 | 10:48

OPEC Wins Hedge Funds Back With Jump in Oil Bets Before Deal

EghtesadOnline: Hedge funds are giving OPEC some credit again. Following four weeks of growing pessimism, bets on rising West Texas Intermediate prices jumped the most this year just as Saudi Arabia and Russia were mustering support for the deal they struck in Vienna last week, U.S. Commodity Futures Trading Commission data show.

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Publish Date:30/May/2017 | 04:44

Oil falls as U.S. drilling undermines drive to tighten markets

EghtesadOnline: Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply.

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Publish Date:29/May/2017 | 05:25

U.S. Stocks Edge Higher, Dollar Gains as Oil Dips

EghtesadOnline: U.S. stocks limped into the weekend on a sluggish final day of trading, while the dollar fluctuated with oil as investors assessed data showing the U.S. economy on firm footing.

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Publish Date:27/May/2017 | 04:08

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

Trump's Bid to Sell U.S. Reserve Oil Could Undermine OPEC Cuts

EghtesadOnline: President Donald Trump has proposed selling off more than half of the U.S. emergency oil stockpile, potentially putting more crude on the global market and undermining OPEC’s efforts to prop up prices.

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Publish Date:24/May/2017 | 13:26

Oil prices stable as market expects extended production cut

EghtesadOnline: Oil prices were stable on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next year.

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Publish Date:24/May/2017 | 05:13

Oil Climbs With Asia Stocks on Supply Speculation

EghtesadOnline: Crude oil climbed toward $51 a barrel and Asian stocks advanced, helped by a rise in energy producers amid speculation cuts to crude supplies will be extended further. The yen declined after a volatile week for financial markets.

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Publish Date:22/May/2017 | 05:05