oil prices
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Oil Rises as Restrictions on Iran Tighten Supply
EghtesadOnline: Oil prices rose on Tuesday with the reimposition of US sanctions against major crude exporter Iran expected to tighten global supply. Spot Brent crude oil futures were $74.17…
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Oil steady as U.S.-Iran row balances trade worries
EghtesadOnline: Oil prices steadied on Tuesday as rising tension between the United States and Iran highlighted risks to supply while escalating trade disputes raised the prospect of slower economic…
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Oil prices edge up as U.S. supply tightens, Iran sanctions loom
EghtesadOnline: Oil prices edged up on Wednesday following a report of tightening U.S. fuel inventories amid an outage at Syncrude Canada oil sands facility in Alberta, which usually supplies…
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OPEC sees strong oil market, possible need for more output
EghtesadOnline: Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the group.
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Asian shares, oil fall as U.S.-China trade spat escalates
EghtesadOnline: Asian shares fell to a 2-1/2 week low on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to…
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Oil falls as investors brace for output increases
EghtesadOnline: Oil edged lower on Tuesday, pressured by expectations that Saudi Arabia and Russia could pump more crude to compensate for a potential supply shortfall.
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Oil sinks while stocks gain on North Korea, euro shaken by Italy
EghtesadOnline: U.S. oil futures sank to six-week lows on Monday on expectations that major producers may raise output, while Asian stocks and U.S. share futures gained on signs the United States…
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Oil falls as investors grow wary of OPEC commitment to supply deal
EghtesadOnline: Oil fell on Wednesday, under pressure from a potential increase in OPEC crude output to cool the market’s recent rally and cover any shortfalls in supply from Iran and Venezuela.
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Oil prices firm with Brent nearing $80 on supply worries
EghtesadOnline: Oil prices rose on Tuesday, with Brent edging closer to $80 per barrel, on concerns that Venezuela’s crude output could drop further following a disputed presidential election…
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Strong dollar hits Asian share markets, oil surges
EghtesadOnline: Asian shares skidded on Tuesday as a strong dollar sapped demand for emerging market assets while surging oil prices stoked concerns about a flare-up in inflation and faster U.S.…
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Asia stocks pull back as investors eye new risks; oil higher
EghtesadOnline: Asian stocks pulled back on Tuesday, brushing off a firmer Wall Street lead and pausing a recent rally, as investors remained cautious about key economic and political risks,…
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Oil falls away from multi-year highs on surge in U.S. drilling, Iran sanctions opposition
EghtesadOnline: Oil prices on Monday fell away from last week’s multi-year highs as a relentless rise in U.S. drilling activity pointed to increased output, while resistance emerged in Europe…
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Dollar firms vs yen as oil surges on Iran uncertainty, pushing up U.S. yields
EghtesadOnline: The dollar rose to a six-day high against the yen on Wednesday as crude oil prices rallied and pushed Treasury yields higher after U.S. President Donald Trump pulled out from…
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Oil soars, shares rattled as Trump dumps Iran nuclear deal
EghtesadOnline: Crude oil prices jumped back to near 3 1/2-year highs on Wednesday after President Donald Trump pulled the United States out of an international nuclear deal with Iran, sparking…
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Oil surges to fresh highs on growing supply worries
EghtesadOnline: Oil prices rose to their highest levels since late-2014 on Monday, boosted by Venezuela’s deepening economic crisis and a looming decision on whether the United States will re-impose…
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CI: No Change in Iran CA Surplus Until 2020
EghtesadOnline: Capital Intelligence Ratings (CI Ratings), the international credit rating agency, said Iran’s current account surplus is expected to have increased to 4.5% of GDP in 2017, which…
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Oil Pares Monthly Gain as U.S. Rigs Offset Iran-Deal Risk
EghtesadOnline: Oil fell as the U.S. oil rig count rose for a fourth week, but was still poised for a second monthly advance.
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Oil Shrugs Off Trump Tweet to Rise for a Second Straight Week
EghtesadOnline: Oil rose for a second straight week as OPEC’s commitment to rebalance the market and geopolitical risks to global supplies overshadowed U.S. President Donald Trump’s tweet on…
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U.S. Stock Futures Rally, Bonds Fall After Syria
EghtesadOnline: U.S. stock futures rallied and bonds fell with oil as traders speculated there would be limited repercussions from the weekend’s missile strikes in Syria.
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Oil's Bounce From Worst Week in Two Years Capped by Shale Fears
EghtesadOnline: While oil is rebounding from its biggest weekly decline in two years, gains are still being limited by concern over a resurgence in U.S. shale output.
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Oil Declines to Two-Week Low as Global Stock Rout Deepens
EghtesadOnline: Oil slid to a two-week low and headed for its longest losing streak in two months as a plunge in global equities dragged other markets lower.
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Goldman Says Oil to Surpass $80 With Market Likely Balanced
EghtesadOnline: Goldman Sachs Group Inc. hiked its short-term crude oil price forecast by as much as 33 percent, saying the market is now likely balanced.
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TSE, IFB Benchmarks Slide in Weekly Trade
EghtesadOnline: Iran’s stock market was down on all fronts last week, as systematic risks, sliding oil and base metal prices coupled with heavy sales by institutional investors, and a further…
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Europe Stocks Halt Selloff; Dollar and Oil Fall
EghtesadOnline: European stocks advanced, poised to help draw a line under recent global equity declines, even as the region’s common currency strengthened. The dollar dropped after President…
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Hedge Funds Are Betting Big on Oil
EghtesadOnline: The enthusiasm in the oil markets is breaking records. Hedge funds reported record wagers on continued price increases for both U.S. and global oil benchmarks, along with gasoline…
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OPEC Does Not Want Brent Over $60
EghtesadOnline: OPEC members do not want Brent oil to rise above $60 a barrel because higher prices could bring more supply from shale output, Iran’s oil minister said.
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Stocks Decline Globally as Oil Slides; Euro Gains
EghtesadOnline: The risk-off mood gripping global markets showed little sign of easing as European stocks followed declines in Asia. Taking impetus from a selloff in energy commodities, the slide…
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OPEC Approaches Meeting Without Clear Plan on How to Extend Cuts
EghtesadOnline: Fifteen days from now, nations that pump more than half the world’s oil gather in Vienna to discuss extending the production cuts that helped lift prices to two-year highs. The…
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Stocks Drift as Banks Retreat; Bonds, Oil Climb
EghtesadOnline: Stocks fluctuated and bonds advanced amid a cautious start to the week for markets, with the euro and dollar slipping as President Donald Trump tackled trade on his Asia tour.…
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Oil Trades Near 2-Year High After Saudi Prince Purges Officials
EghtesadOnline: Oil traded near the highest level in two years after Saudi Arabia’s Crown Prince, Mohammed bin Salman, ousted officials during an anti-graft probe in the world’s biggest crude…