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Oil eases on rising U.S. inventory, market looks to EIA data

EghtesadOnline: Oil edged lower on Wednesday as expectations of an increase in U.S. inventories weighed on the market, offsetting bullish momentum from output cuts announced by OPEC and other producers.
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Publish Date:25/January/2017 | 06:58

Oil Rises Near $53 as Iraq Says Close to Full OPEC Cut Pledge

EghtesadOnline: Oil advanced to trade near $53 a barrel as Iraq said it’s close to implementing its share of pledged output curbs agreed with OPEC to trim bloated global inventories and stabilize the market.
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Publish Date:24/January/2017 | 04:44

Iran Committed to Supply Cut Deal

EghtesadOnline: Iran is maintaining crude oil production within the framework of a global pact reached last year to cut supplies to ease the bloated oil inventories and lift sagging prices, a deputy at the National Iranian Oil Company said.
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Publish Date:23/January/2017 | 14:23

Oil firms after producer meeting, but high U.S. output weighs

EghtesadOnline: Oil edged up on Monday on statements over the weekend from OPEC and other producers that they have been successfully implementing output cuts, but gains were limited by a surge in U.S. drilling.
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Publish Date:23/January/2017 | 05:14

OPEC sees market stability in 2017, Venezuela aims for $70 price

EghtesadOnline: OPEC Secretary-General Mohammed Barkindo forecast on Monday that stability would return to oil markets this year while price hawk Venezuela said it hoped its crude basket would rise to $70 in coming months.
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Publish Date:17/January/2017 | 05:07

Oil prices will be much more volatile in 2017: IEA

EghtesadOnline: Global oil prices will witness "much more volatility" in 2017 even though markets may rebalance in the first half of the year if output cuts pledged by producers are implemented, the head of the International Energy Agency (IEA) said on Sunday.
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Publish Date:15/January/2017 | 17:48

Dollar, S&P 500 Futures Slip as Trump Bets Unwind

EghtesadOnline: The dollar weakened with U.S. equity futures and Treasuries gained as disappointment after Donald Trump’s press conference caused investors to further unwind trades pegged to fiscal stimulus expectations. Oil retreated while gold advanced.
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Publish Date:12/January/2017 | 06:12

Oil slips $1 on concerns U.S. production is rising

EghtesadOnline: Oil fell by $1 a barrel on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market.
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Publish Date:09/January/2017 | 13:00

Currencies Gripped by Political Risk, Oil Slumps

EghtesadOnline: Political risks rippled across foreign-exchange markets with the pound, Turkish lira and South Korean won leading declines, while gold rose on haven demand and Chinese buying. Stocks dropped with oil.
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Publish Date:09/January/2017 | 11:16

Moody’s Predicts Volatile Energy Prices

EghtesadOnline: Global oil and natural gas prices are expected to remain volatile again in 2017, but fluctuate within the $40-60 per barrel range, Moody’s Investors Service said in a press release on Tuesday.
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Publish Date:05/January/2017 | 05:42

Oil dips on doubts over touted production cuts

EghtesadOnline: Oil prices dipped on Thursday on doubts producers would fully deliver on promises to cut output, although record U.S. automobile sales and falling crude stocks offered markets some support.
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Publish Date:05/January/2017 | 05:18

Oil prices edge up on expectations of tightening supplies

EghtesadOnline: Oil edged higher on Wednesday, with top exporter Saudi Arabia expected to raise prices for its crude as part of planned supply cuts, although a strong dollar and moderate economic growth prospects restricted gains.
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Publish Date:04/January/2017 | 05:15