oil prices
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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…
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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…
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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…
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Oil edges up on talk of possible exporter moves to prop up market
EghtesadOnline: Oil prices edged up on Friday, remaining near the previous day's highs, on the prospect of talks by exporters about ways to prop up a market grappling with a supply overhang.
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Three major U.S. stock indexes end at records for first time since 1999
EghtesadOnline: All three major U.S. stock indexes closed at record highs on Thursday for the first time since 1999 as surging oil prices and strong earnings from department stores Macy's and…
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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…
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Oil falls on oversupply; calls for producer meeting met with scepticism
EghtesadOnline: Oil prices fell on Wednesday as a global supply overhang weighed on markets, while talk of a potential producer meeting to discuss propping up prices was largely expected by analysts…
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Oil slips to $45 as glut overshadows hope for producer action
EghtesadOnline: Oil fell below $45 a barrel on Tuesday after rallying to a two-week high the previous day, as concern about a supply glut outweighed hopes of producer action to prop up prices.
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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…
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Oil rises on new output freeze calls, but traders bet on further falls
EghtesadOnline: Oil prices rose on Monday, lifted by reports of renewed talks by some members of the Organization of the Petroleum Exporting Countries (OPEC) to restrain output.
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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…
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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…
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U.S. crude edges back over $40, but oversupply still weighs
EghtesadOnline: Oil prices edged up on Tuesday after U.S. crude broke below $40 per barrel the previous session, but traders said fuel markets continued to be dogged by excess production.
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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…
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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…
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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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Oil prices dip on ongoing oversupply, economic headwinds
EghtesadOnline: Oil prices held near two-month lows on Monday amid worries that a global crude and refined product glut would weigh on markets for some time to come.
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Barclays Predicts $85 Oil
EghtesadOnline: Barclays expects oil prices to reach $85 per barrel by 2019, a year sooner than it previously forecast, the British multinational and financial services company said in a report.