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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

Oil dips as OPEC, Russian output rises ahead of production cut

EghtesadOnline: Oil prices slipped on Tuesday as crude output rose in virtually every major export region despite plans by OPEC and Russia to cut production, triggering fears that a fuel glut that has dogged markets for over two years might last well into 2017.
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Publish Date:06/December/2016 | 10:48

Oil Market Turns Upside Down as Shale Rushes to Hedge Post-OPEC

EghtesadOnline: U.S. shale oil companies are using the post-OPEC rally to hedge their oil price risk for next year and 2018 above $50 a barrel, bankers, merchants and brokers said, pushing the forward oil curve upside down.
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Publish Date:05/December/2016 | 11:24

Oil tops $55 for first time in 16 months as OPEC deal fuels buying

EghtesadOnline: Brent crude oil prices rose above $55 a barrel on Monday, trading at a fresh 16-month high, as optimism spread about the prospect of a tightening market after OPEC members agreed on a landmark deal to cut production last week.
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Publish Date:05/December/2016 | 10:39

Crude enjoys best weekly gain in years

EghtesadOnline: Crude prices have soared after the Organization of the Petroleum Exporting Countries agreed to cut crude output.
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Publish Date:03/December/2016 | 08:08

Oil Jumps Most Since February on OPEC Deal as Treasuries Retreat

EghtesadOnline: Crude oil surged as OPEC ministers forged a deal to reduce production, igniting a rally in global energy stocks. Meanwhile, Treasuries fell and the dollar extended its advance as a private report showed U.S. companies hired faster than was forecast in November.
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Publish Date:30/November/2016 | 21:21