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IEA Sees Oil Investment Revival After a Two-Year Rout

EghtesadOnline: Oil companies are reviving investment after a two-year rout as OPEC output cuts boost prices, easing but not eliminating the risk of a future supply crunch, the International Energy Agency said.
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Publish Date:07/March/2017 | 05:13

Oil rebounds from recent weakness, still rangebound

EghtesadOnline: Oil prices surged on Friday, as a weaker dollar encouraged buying but investors remained cautious after Russian production figures showed weak compliance with a global deal to cut output.
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Publish Date:04/March/2017 | 05:26

Oil down on record U.S. crude stocks, flat Russian output

EghtesadOnline: Oil prices fell on Thursday after U.S. crude stocks hit an all-time high and official data showed Russian oil production unchanged in February, with no further cuts to tighten the market and drain global oversupply.
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Publish Date:02/March/2017 | 13:12

Iran expects oil market changes as Tillerson US secretary

EghtesadOnline: New changes are expected to happen in the global oil market as the former Exxon boss Rex Tillerson has become the United States’ secretary of state, Iranian Oil Minister Bijan Namdar Zanganeh has said.
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Publish Date:22/February/2017 | 16:06

Asia Stocks Gain Even as Topix Swings, Yen Rises

EghtesadOnline: Asian stocks rose even as Tokyo shares wrestled with a strengthening yen, as markets from Hong Kong to Singapore advanced after U.S. shares reached fresh records. The dollar fell against most major currencies while oil continued a rally.
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Publish Date:22/February/2017 | 05:06

Crude prices rise as investors bet big on oil strength

EghtesadOnline: Crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year.
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Publish Date:21/February/2017 | 05:35

Oil prices flatline as U.S. drilling counters OPEC output cuts

EghtesadOnline: Oil prices held steady on Monday as investors gauged whether an increase in U.S. drilling rigs and record stockpiles would undermine efforts by producers to cut output and bring the market into balance.
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Publish Date:20/February/2017 | 05:27

Oil down 1 percent despite news OPEC could extend output cut

EghtesadOnline: Oil prices reversed gains to trade nearly 1 percent lower on Thursday but continued to hold in a tight range as the market weighed swelling U.S. inventories against possible renewed efforts by major oil producers to reduce a price-sapping glut.
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Publish Date:16/February/2017 | 21:16

Oil rises on 90 percent compliance on OPEC output deal

EghtesadOnline: Oil prices rose more than 1 percent on Friday after the International Energy Agency (IEA) reported record initial compliance by OPEC members implementing last year's landmark deal to curb output in an effort to prop up global oil prices .
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Publish Date:10/February/2017 | 24:37

European Stocks Rise With Asia While Crude Slumps

EghtesadOnline: European stocks gained and Asian stocks recovered from early losses, while India’s Sensex was lower ahead of a central bank rates decision. Crude oil extended the worst two-day slump in four weeks.
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Publish Date:08/February/2017 | 08:51

IEA Says $65 Oil 'Ambitious'

EghtesadOnline: Despite a recent OPEC agreement to cut oil production and boost prices, it is unrealistic to expect that the commodity will reach $65 a barrel in the near term, an analyst at the Paris-based International Energy Agency told CNBC.
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Publish Date:04/February/2017 | 10:03

Oil prices dip as rising U.S. supplies offset OPEC cuts

EghtesadOnline: Oil dipped on Wednesday, weighed down by ongoing high supplies despite an OPEC-led production cut, but prices remained within a narrow trading band that has been in place since late January.
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Publish Date:01/February/2017 | 05:27

Oil extends declines on rising U.S. output

EghtesadOnline: Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that could partly offset output cuts by OPEC and other producers.
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Publish Date:30/January/2017 | 05:45