oil prices
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Brent extends gains after Russia, Saudi Arabia sign pact
EghtesadOnline: Crude prices extended gains on Tuesday, buoyed after top producers Russia and Saudi Arabia agreed to cooperate on stabilizing the oil market, but a lack of immediate action to…
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Oil prices reverse early losses, but glut worries cap gains
EghtesadOnline: Crude prices reversed early losses on Monday as the dollar lost its momentum, but persistent concerns over a global glut despite some signs producers may try to tackle weak oil…
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Algerian minister: OPEC demand oil price to be between 50 to 60 dollars per barrel
EghtesadOnline: Oil price of 50 dollars per barrel is not acceptable and we are going to discuss the issue with OPEC member states, says Algerian Minister of Energy, Noureddine Boutarfa.
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Fuel Subsidies Are the World's Dumbest Policy
EghtesadOnline: Many things have gotten harder as the world settles into a protracted spell of low oil prices and sluggish growth -- from avoiding deflation to creating jobs. One thing has gotten…
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Dubai Finance Hub Defies Global Bank Cuts to Add Positions
EghtesadOnline: Dubai’s International Financial Centre said the number of companies based in the hub rose 16 percent during the first half even as lower oil prices and slowing economic growth…
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Oil prices rebound on weaker dollar, supportive China manufacturing data
EghtesadOnline: Oil prices rose in Asian trade on Thursday as the U.S. dollar weakened, rebounding from a more than 3 percent drop in the previous session following surprisingly large builds…
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Asia shares slip, crude steadies; U.S. jobs in focus
EghtesadOnline; Asian shares dipped on Thursday after lower crude oil prices dented Wall Street and a pair of Chinese manufacturing surveys did little to inspire investors as markets waited to…
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Treasuries Drop in August as Fed Hawks Revive Dollar; Oil Climbs
EghtesadOnline: U.S. Treasuries are set for their biggest monthly loss since June 2015 after a slew of hawkish rhetoric from Federal Reserve officials that’s revived the dollar and weighed on…
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Oil Heads for Biggest Monthly Gain Since April Before OPEC Talks
EghtesadOnline: Oil is poised for the biggest monthly advance since April amid speculation informal talks among OPEC members in Algeria next month may result in action to stabilize the market.
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Oil prices rise as dollar comes off two-week high
EghtesadOnline: Oil futures edged up on Tuesday as the U.S. dollar backed off a two-week high hit the day before, although doubts that crude producers would agree next month to an output freeze…
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Emerging Markets Fall as Divergent Fed Boosts Dollar; Oil Slides
EghtesadOnline: Emerging-market assets declined and the dollar strengthened versus most peers after comments from central bankers highlighted the divergence between monetary policy in the U.S.…
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Oil prices fall on rising Iraq output, doubt over producer talk prospects
EghtesadOnline: Oil prices fell early on Monday as output from Iraq rose and as Iran said it would only cooperate in upcoming producer talks to freeze output if fellow exporters recognized its…
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Oil prices won’t exceed $60 in short-term - analysts
EghtesadOnline: Oil prices will not exceed $60 a barrel in the short-term perspective, according to the forecasts of the British economic research and consulting company Capital Economics.
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Oil prices fall as hopes of production freeze fade
EghtesadOnline: Oil prices slipped on Thursday as the market focused on oversupply and fading hopes of a production freeze.
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Oil Price ‘Roller Coaster’ Spurs a Rush for Young Investors
EghtesadOnline: Chris Santos likes a little spice in his investing life. That’s why the 26-year-old Toronto man trades Credit Suisse Group AG’s VelocityShares 3x Long Crude ETN, which offers…
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Oil prices fall on U.S. crude stocks build; fears over China demand
EghtesadOnline: Oil prices fell on Wednesday as an unexpected build in U.S. crude inventories weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps…
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Asian stocks slip on profit-taking; oil falls
EghtesadOnline: Asian stocks edged lower on Wednesday as strong U.S housing data overnight increased the chances of an interest rate increase in coming months, prompting some investors to take…
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Oil prices fall as analysts say market still oversupplied
EghtesadOnline: Oil prices fell over 1 percent on Tuesday, with Goldman Sachs warning that August's price rally had been overdone and that a proposed oil production freeze at current near-record…
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Asia stocks edge up amid Fed lull, oil slips
EghtesadOnline: Asia shares inched ahead while oil fell for a second session on Tuesday, as investors awaited guidance on whether the Federal Reserve will raise U.S. interest rates this year.
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Oil falls as August price rally seen overblown, China fuel exports jump
EghtesadOnline: Oil prices fell on Monday as analysts doubted upcoming producer talks would rein in oversupply, saying that Brent would likely fall back below $50 a barrel as August's more than…
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‘Well-Timed’ OPEC Talk Forces Oil Bears Into Record Reversal
EghtesadOnline: OPEC has done it again. Talk of a potential deal to freeze output helped push oil close to $50 a barrel and prompted money managers to cut bets on falling prices by the most ever.…
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Oil rises above $51 for first time in months
EghtesadOnline: In Friday trading in international markets, oil rose above $51 per barrel for the first time in multiple months.
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Qatar’s Oil Products Demand at Record High on Planes, World Cup
EghtesadOnline: Qatar’s demand for oil products, boosted by an expanding airline and a pre-World Cup spending spree, is bucking a trend of slower consumption growth and even contraction in the…
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Oil steady near six-week highs on talk of supply freeze
EghtesadOnline: Brent crude oil traded above $50 a barrel for the first time in six weeks on Thursday as the world's biggest producers prepared to discuss a possible freeze in output levels.
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Dollar turns defense into attack ahead of Fed minutes
EghtesadOnline: Revived bets on U.S. interest rate rises this year saw the dollar turn defense into attack on Wednesday and halted a red-hot run for oil prices and emerging markets.
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Oil prices fall on doubts producers can agree output restraint
EghtesadOnline: Oil prices fell away from 5-week highs on Wednesday as analysts doubted possible producer talks to rein in ballooning oversupply would be successful.
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Saudi-Iran Rivalry Heats Up as OPEC Seeks to Stabilize Price
EghtesadOnline: Saudi Arabia and Iran are giving no ground in their market share war, just days after OPEC announced an informal meeting to discuss ways to stabilize falling prices.
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Oil Trades Near $46 a Barrel as Nigeria Sees OPEC Cuts Unlikely
EghtesadOnline: Oil traded near $46 a barrel after the biggest three-day gain since April as Nigeria’s oil minister signaled the prospect of production cuts from OPEC was unlikely.
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Oil prices dip as traders cash in on two-week price rally
EghtesadOnline: Oil prices edged away from 5-week highs on Tuesday, with traders cashing in on a 16-percent rally since early August that has largely been fueled by talk of producers taking action…
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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…