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Oil recovers lost ground, but market remains under pressure

EghtesadOnline: Oil prices recovered ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains.
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Publish Date:24/April/2017 | 05:53

OPEC Arab Producers Pushing for $60 Oil

EghtesadOnline: Some of OPEC’s biggest oil producers, including Saudi Arabia, are now targeting $60 a barrel as the level where they want to push crude prices, OPEC officials said, signaling they will support additional production cuts next month.
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Publish Date:17/April/2017 | 08:44

Oil falls after failed North Korean missile test, U.S. rig count gains

EghtesadOnline: Crude oil fell in quiet trading on Monday, after the three-day Easter break, on signs the United States is continuing to add output, undermining OPEC efforts to support prices, and as the market digested North Korea's failed missile launch on Sunday.
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Publish Date:17/April/2017 | 05:26

Oil Extends Longest Gain of 2017 as Saudis Seen Extending Curbs

EghtesadOnline: Oil advanced for a seventh day in New York, the longest gain since December, on confidence Saudi Arabia will support an extension to OPEC-led output cuts just as U.S. stockpiles show signs of shrinking.
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Publish Date:12/April/2017 | 08:32

Markets on Edge as US Hits Syria

EghtesadOnline: Most world stock indexes fell Friday while oil prices rose after the US fired missiles at Syria during President Donald Trump's first meeting with China's president, leaving investors on edge.
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Publish Date:08/April/2017 | 05:16

Oil rises after U.S. missile strike in Syria, weekly gain 3 percent

EghtesadOnline: Oil prices rose on Friday, trading near a one-month high and closing the week up 3 percent after the United States fired missiles at a Syrian government air base, raising concern that the conflict could spread in the oil-rich region.
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Publish Date:08/April/2017 | 05:01

Oil rises to near one-month high on tightening of supplies

EghtesdaOnline: Oil climbed to a near one-month high on Wednesday on signs of a gradual tightening in global oil inventories and on concerns about a supply outage at a field in the United Kingdom's North Sea that feeds into an international benchmark price.
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Publish Date:05/April/2017 | 05:46

OPEC Be Warned: Russia Battens Down the Hatches for Oil at $40

EghtesadOnline: Perhaps the Bank of Russia knows something the world doesn’t. As the Organization of Petroleum Exporting Countries and its allies prepare to meet for a review of their production cuts this weekend, the central bank of the world’s biggest energy exporter is hunkering down for years of oil near $40 a barrel.
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Publish Date:25/March/2017 | 04:41

U.S. supply concerns keep oil prices under pressure

EghtesadOnline: Oil prices slipped on Monday despite news that OPEC was supportive of extending a six-month deal to cut output as investors continue to grapple with worries about growing U.S. oil output and high inventories.
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Publish Date:20/March/2017 | 23:17

Crude Retreat Weighs on U.S., European Equities

EghtesadOnline: U.S. stocks slipped with European equities as oil fell toward $48 a barrel, with investors digesting fresh signs that the U.S. intends to rewrite the terms of global trade. The dollar and Treasuries were little changed.
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Publish Date:20/March/2017 | 13:54

Wall Street opens higher as oil rebounds; Fed eyed

EghtesadOnline: U.S. stocks opened slightly higher on Wednesday as oil prices rebounded and investors counted down to the conclusion of the Federal Reserve's two-day meeting, where the central bank is widely expected to raise rates for the first time this year.
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Publish Date:15/March/2017 | 13:59