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Oil hits August high on potential producer action to prop up market

EghtesadOnline: Oil prices rose on Monday to fresh highs for the month of August, with the Brent benchmark gaining 11 percent since the start of the month, as speculation intensifies about potential producer action to support prices in an oversupplied market.
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Publish Date:15/August/2016 | 08:12

China shares hit seven-month high; world yields keep falling

EghtesadOnline: Asian shares set up camp at one-year peaks on Monday as a rally in Chinese stocks helped offset news that Japan's economic growth had ground to a halt last quarter, while oil prices extended their latest rally.
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Publish Date:15/August/2016 | 07:50

Oil Rises to Weekly Gain as Saudis Reiterate Wish for Stability

EghtesadOnline: Oil climbed to its biggest weekly advance since April as Saudi Arabia signaled it’s prepared to discuss stabilizing markets at informal OPEC discussions next month after prices tumbled into a bear market.
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Publish Date:13/August/2016 | 07:59

Dollar, yields fall after tepid U.S. economic data

EghtesadOnline: Soft U.S. economic data weighed on the dollar and Treasury yields on Friday and pressured stock prices, but Wall Street's losses were mitigated by continued gains in oil prices and the Nasdaq inched up for a second straight record high.
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Publish Date:13/August/2016 | 07:19

Asia rises on Wall Street's record, China data prompts stimulus bets

EghtesadOnline: Asian stocks inched up on Friday, after a surge in oil prices helped propel Wall Street to record highs , while mainland shares held on to gains on hopes that weaker-than-expected Chinese economic data would spur policy easing.
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Publish Date:12/August/2016 | 09:00

OPEC Plans Informal Talks Next Month, Sees Oil Dip Temporary

EghtesadOnline: The Organization of Petroleum Exporting Countries will hold informal talks at a conference in Algiers next month and considers the recent decline in oil prices “temporary,” the group’s president said Monday.
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Publish Date:08/August/2016 | 11:00

Oil up 3 percent on big U.S. gasoline draw; WTI back above $40

EghtesadOnline: Oil prices jumped more than 3 percent on Wednesday, with U.S. crude futures returning to above $40 a barrel, after a larger-than-expected gasoline draw offset a surprise build in crude stockpiles in the No. 1 oil consumer.
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Publish Date:04/August/2016 | 24:12

Oil jumps as big U.S. gasoline drawdown offsets crude build

EghtesadOnline: Oil prices jumped about 2 percent on Wednesday, with U.S. crude futures returning above $40 a barrel, after the U.S. government reported a larger-than-expected gasoline drawdown that offset a surprise build in crude stockpiles.
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Publish Date:03/August/2016 | 15:43

Sinking Oil Prices Mean Fragile Unity for OPEC’s New Chief

EghtesadOnline: When OPEC’s new chief starts next week, he’ll take over an organization that’s largely reconciled internal differences after a two-year fight over strategy. But as oil prices sink again, that unity could be at risk.
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Publish Date:31/July/2016 | 09:22

Oil falls close to three-month low as oversupply weighs

EghtesadOnline: Oil prices fell close to three-month lows on Wednesday after U.S. industry data showed weekly oil stocks declined by less than expected, feeding into concerns over persistent oversupply dragging down prices.
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Publish Date:27/July/2016 | 10:20

Oil falls towards $44, lowest since May, on glut worries

EghtesadOnline: Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply.
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Publish Date:26/July/2016 | 11:18