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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

Oil Stocks Rise Regardless of Supply Adjustments

EghtesadOnline: OPEC said on Tuesday oil inventories had continued to rise despite the start of a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting complications in the effort to clear a supply glut.
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Publish Date:15/March/2017 | 13:42

How Slipping Oil Prices Are Hurting the Global Reflation Rally

EghtesadOnline: The global market rally is facing a familiar nemesis: feeble oil prices . In the latest blow, Saudi Arabia announced Tuesday that it raised output back above 10 million barrels a day in February -- reversing about a third of the cuts made the previous month -- sending crude to the lowest level since late November. That pushed stocks and commodity-linked currencies, such as the ruble and the Norwegian krone, lower, while fueling demand for the relative safety of Treasuries.
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Publish Date:15/March/2017 | 06:03

Oil prices hit 3-month low as U.S. rig count climbs

EghtesadOnline: Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs.
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Publish Date:13/March/2017 | 05:31

Asian Stocks Gain, Oil Slides Before Fed and BOJ

EghtesadOnline: Asian equities rose and the dollar weakened as a positive U.S. jobs report helped investors position for a week of central bank policy decisions from Japan to the U.S. Oil slid for a sixth straight day.
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Publish Date:13/March/2017 | 05:17

Dollar firm in Asia, resource shares on the run

EghtesadOnline: The dollar stood firm in Asia on Thursday and bond yields spiked after super-strong U.S. jobs data made a rate hike a near certainty, while oil struggled to find its footing after U.S. stockpiles swelled past all expectations.
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Publish Date:09/March/2017 | 08:05

Saudi Arabia, Russia Offer United Front on Oil Production Cuts

EghtesadOnline: Saudi Arabia and Russia, the architects of an oil production cut that has stabilized prices, presented a united front on compliance just as rising U.S. inventories have sparked doubts about the OPEC and non-OPEC deal.
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Publish Date:08/March/2017 | 05:22

Oil prices hold steady for third day; eyes on economic data

EghtesadOnline: Oil prices were little changed for a third session on Tuesday, with investors searching for direction as concern over rising U.S. shale output offsets production cuts by OPEC and non-OPEC members.
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Publish Date:07/March/2017 | 05:42