oil prices
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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…
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American Shale Companies' Rush to Hedge Is Turning the Oil Market Upside Down
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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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Oil prices fall as production creeps up ahead of announced 2017 output cut
EghtesadOnline: Oil prices fell by one percent on Monday as a higher U.S. rig count unsettled markets amid nagging concern that output cuts, planned as part of concerted action between producer…
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Pres. lauds govt. brilliant record despite oil price decline
EghtesadOnline: President Hassan Rouhani has praised the 'unprecedented' performance of current government in running the country despite harsh oil price decline in the past two years.
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Why OPEC’s Breakthrough Might Be Short-Lived: QuickTake Q&A
EghtesadOnline: The oil-producing nations of OPEC achieved an elusive consensus on reducing output. Can it last?
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OPEC Deal Upends Everything in Oil Market, Not Just Prices
EghtesadOnline: No matter where you look in the oil market, key markers watched by traders have been going haywire since Wednesday -- and they show little sign of letting up.
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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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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…
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OPEC Fights Against History, $1 Trillion Money Manager Says
EghtesadOnline: David Hunt, chief executive officer of PGIM, Prudential Financial Inc.’s $1 trillion asset manager, cautioned against overreacting to the surge in oil prices as OPEC clinched…
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Oil Exporters Lead Currency Gains as Crude Rises on OPEC Reports
EghtesadOnline: Oil-linked currencies were the day’s biggest gainers as crude surged on reports OPEC had clinched a deal to limit supply.
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Oil jumps on OPEC deal; bond rout resumes
EghtesadOnline: Oil jumped on Wednesday as OPEC members clinched a deal to cut production, while upbeat U.S. economic data and comments from the U.S. Treasury Secretary nominee triggered a selloff…
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Leaner and meaner: U.S. shale greater threat to OPEC after oil price war
EghtesadOnline: In a corner of the prolific Bakken shale play in North Dakota, oil companies can now pump crude at a price almost as low as that enjoyed by OPEC giants Iran and Iraq.
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Oil, bank stocks send S&P, Dow to record highs
EghtesadOnline: Gains in energy and bank stocks lifted the Dow and the S&P 500 to record intraday highs on Wednesday, but losses in technology stocks dragged down the Nasdaq.
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Oil jumps over 8 percent as OPEC finalizes output cut deal
EghtesadOnline: Oil prices soared more than 8 percent on Wednesday to the highest in a month as some of the world's largest producers agreed to curb production for the first time since 2008 in…
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Oil prices dip on scepticism ahead of OPEC meeting
EghtesadOnline: Oil prices dipped on Tuesday on doubts that producer cartel OPEC will be able to hammer out a meaningful output cut during a meeting on Wednesday aimed at reining in a global…
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Oil Extends Slide Below $46 on Skepticism Over OPEC Output Deal
EghtesadOnline: Oil extended declines to slip below $46 a barrel amid skepticism over OPEC’s ability to reach an agreement to cut output as representatives prepare to meet Monday amid last-minute…
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Oil Investors Have $490 Billion Riding on Big OPEC Decision
EghtesadOnline: After two tough years of falling oil prices and company valuations, investors in the world’s biggest energy producers have some cause for hope as crude prices continue their recovery…
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Oil prices fall over doubts of planned crude output cut
EghtesadOnline: Oil prices fell on Monday, adding to Friday's steep losses as doubts re-emerged over the ability of major producers to agree output cuts at a planned meeting on Wednesday aimed…
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Dollar, U.S. bond yields drop as oil tumbles on output cut doubts
EghtesadOnline: The dollar and U.S. bond yields fell on Monday as investors reversed a "Trumpflation" trade that has gripped markets since the U.S. elections, after oil prices slid on fears that…
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Algerian Min: Oil price to exceed $55 on OPEC consensus
EghtesadOnline: Algerian Minister of Energy and Mining Minister Noureddine Bouterfa said in Tehran on Saturday that oil price will exceed 55 dollars after OPEC reaches an agreement.
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Oil falls $2 a barrel on OPEC cut uncertainty ahead of meeting
EghtesadOnline: U.S. crude fell nearly 4 percent on Friday, dragged down by uncertainty over whether the Organization of the Petroleum Exporting Countries will reach an output deal, after Saudi…
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Oil prices edge up ahead of OPEC meeting to discuss output cuts
EghtesadOnline: Oil prices were slightly higher on Thursday ahead of next week's meeting of the Organization of the Petroleum Exporting Countries (OPEC) to discuss implementation of its proposed…