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Oil prices fall as U.S. inventories, Libya output weigh

EghtesadOnline: Oil prices slipped in tepid Asian trading on Thursday, dragged down by an unexpected rise in U.S. crude inventories last week and moves by Libya to boost output over the next few months.
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Publish Date:22/December/2016 | 09:42

Oil prices edge up on expected U.S. crude inventory draw

EghtesadOnline: Oil prices nudged higher on Wednesday on expectations of a U.S. crude inventory draw, although trading activity was muted as markets start to wind down ahead of the Christmas weekend.
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Publish Date:21/December/2016 | 06:58

Asian Equities Gain as Dow Hits Record, Oil Climbs: Markets Wrap

EghtesadOnline: Asian stocks followed advances in U.S. and European equities as the prospects of faster U.S. economic growth propelled markets toward the close of a turmoil-filled year. Oil extended its advance and the yen climbed.
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Publish Date:21/December/2016 | 06:31

Iran’s OPEC Win Lacks Substance Without Deals With Big Oil

EghtesadOnline: Few countries have benefited from the oil market’s 2016 recovery like Iran. Since sanctions on its economy were eased in January, the Persian Gulf producer has doubled exports as prices rallied and won approval from OPEC last month to pump even more while other members cut. The key to continued growth will be attracting foreign investment to the energy industry.
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Publish Date:20/December/2016 | 14:23

Oil prices rise in anticipation of tighter 2017 market

EghtesadOnline: Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices.
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Publish Date:19/December/2016 | 06:59

OPEC Deal Makes Oil Investors Most Bullish Since Slump Began

EghtesadOnline: Investors are the most optimistic on oil since the slump began two and a half years ago. Money managers boosted bets on rising West Texas Intermediate crude prices to the highest level since July 2014 after the Organization of Petroleum Exporting Countries and producers outside the group agreed to coordinate crude production cuts
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Publish Date:19/December/2016 | 06:38

How Global Oil Flows Might Look After OPEC’s Supply Shock

EghtesadOnline: OPEC’s quest to end a global crude glut already snapped a two-year slump in oil prices . Now attention is turning to how the group’s surprise decision to cut output will transform international trade flows of the world’s most important commodity.
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Publish Date:17/December/2016 | 06:46

Oil prices stabilize after Fed hike as tighter market looms

EghtesadOnline: Oil prices stabilized on Thursday as a tighter market looms in 2017 due to planned output cuts led by OPEC and Russia, after sharp declines earlier following Wednesday's U.S. interest rate increase that drove investors out of commodities.
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Publish Date:15/December/2016 | 08:57

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

EghtesadOnline: Oil prices fell on Wednesday following a reported rise in U.S. crude inventories and an estimate that OPEC may have produced more crude in November than previously thought, potentially undermining a planned output cut.
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Publish Date:14/December/2016 | 24:11

European Stocks Retreat as Bonds Rise Before Fed; Crude Declines

EghtesadOnline: Caution pervaded markets before the Federal Reserve’s expected interest-rate hike later Wednesday. European stocks dropped from an 11-month high and the dollar declined, while government bonds climbed. Crude retreated on industry data showing U.S. stockpiles increased.
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Publish Date:14/December/2016 | 09:09

Oil Soars as Output Deal Weighs on Bonds; China Shares Tumble

EghtesadOnline: Crude oil surged to the highest in 17 months amid efforts to cut production, pushing up the outlook for global inflation and sending 10-year Treasury yields above 2.5 percent for the first time since October 2014. Chinese equities tumbled.
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Publish Date:12/December/2016 | 14:10

Oil surges after output cuts, strong dollar weighs

EghtesadOnline: Oil prices jumped to their highest levels in a year and a half on Monday after OPEC and non-OPEC producers agreed to cut oil output to ease a global glut, while the U.S. dollar extended gains before a Federal Reserve meeting this week, at which a rate hike is widely expected.
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Publish Date:12/December/2016 | 05:21

OPEC, non-OPEC agree first global oil pact since 2001

EghtesadOnline: OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries.
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Publish Date:11/December/2016 | 05:32

OPEC’s Historic Deal Won’t Be Enough to Drain Oil Stockpiles

EghtesadOnline: OPEC is likely to bring the oil market into balance by the middle of next year, but its production cut looks set to fall short of its stated goal of draining the stockpiles that are depressing prices.
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Publish Date:10/December/2016 | 13:10

Rouhani stresses need for sustained OPEC consultation for market stability

EghtesadOnline: President Hassan Rouhani in a telephone conversation with his Venezuelan counterpart President Nicolas Maduro on Thursday said that continuation of consultation and cooperation among OPEC member states is necessary for stabilizing market and increasing oil prices .
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Publish Date:08/December/2016 | 22:36

Oil steadies on doubts output cut will end global glut

EghtesadOnline: Oil prices steadied on Wednesday as investors waited to see if OPEC and Russia would deliver promised production cuts designed to end a supply overhang that has weighed on the market for more than two years.
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Publish Date:07/December/2016 | 10:59

Bank Stocks Propel Global Equity Gains as Yen Slides With Crude

EghtesadOnline: Stocks climbed, boosted by a rally in financial shares, amid optimism that the European Central Bank will this week commit to prolonging its bond-buying program. Crude and the yen extended losses, while Australia’s dollar fell after a report showed the economy shrank by the most since 2008.
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Publish Date:07/December/2016 | 10:06

U.A.E. Oil Minister Says OPEC Will Act Again If Prices Decline

EghtesadOnline: A cut in global oil output by 1.8 million barrels a day would be enough to balance the crude market, and OPEC is ready to take further action if prices fail to stabilize, United Arab Emirates Energy Minister Suhail Al Mazrouei said in Abu Dhabi.
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Publish Date:07/December/2016 | 09:50

Stocks Fluctuate With Bonds as ECB Meeting Looms; Crude Retreats

EghtesadOnline: U.S. stocks fluctuated near all-time highs, while emerging market assets rose as investors speculated the European Central Bank will extend its monthly bond purchases to stoke growth in the region. Oil slipped from a 16-month.
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Publish Date:06/December/2016 | 17:29

Euro and global stocks hold Italy-related gains ahead of ECB

EghtesadOnline: The euro held firm on Tuesday, having seen a wild 3-cent swing in the wake of Italy's referendum, while the region's bond yields dipped in line with U.S. peers as oil saw its first fall for five days.
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Publish Date:06/December/2016 | 10:55