oil prices
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Oil Extends Gains as OPEC Says All Options Open on Re-Balancing
EghtesadOnline: Oil extended gains as OPEC and its allies reiterated that all options are open to re-balance the market.
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China data boosts world stocks and commodities, oil jumps
EghtesadOnline: World stocks and commodities rose on Monday, boosted by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as an escalation in fighting between the Iraqi…
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Stocks Rise as Oil and Copper Surge; Euro Weakens
EghtesadOnline: Stocks in Europe nudged higher, led by miners, as gains in oil and copper drove Bloomberg’s gauge of commodity prices to a six-month high. The euro weakened and Spanish shares…
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Oil Gains on Concern Iraq-Kurd Tensions Will Disrupt Crude Flows
EghtesadOnline: Crude extended gains from the highest close in two weeks as speculation mounted over potential output disruptions in a region that’s home to Iraq’s oldest producing oil fields.
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Euro, Gold, Oil Drop After German Vote
EghtesadOnline: Politics dominated trading on Monday, with the euro sliding as Germany’s election result foreshadowed potentially complex political-coalition building. Gold fell as West Texas…
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Oil rises after Iraq signals possible OPEC cut extension
EghtesadOnline: Oil prices rose on Wednesday after Iraq’s oil minister said OPEC and other crude producers were considering extending or even deepening a supply cut to curb a global glut, while…
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Tehran, Caracas Seek Crude Market Stability
EghtesadOnline: Tehran and Caracas are ready to adopt measures to help stabilize the global oil market and improve prices.
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OPEC Discusses Extending Oil Cuts by More Than Three Months
EghtesadOnline: OPEC and its allies are discussing extending by more than three months the oil production cuts that expire in March 2018, potentially prolonging them well into the second half…
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Brent crude oil falls after North Korea nuclear test
EghtesadOnline: Oil prices fell on Monday after a powerful North Korean nuclear test explosion triggered a flight of investors away from crude markets and into gold futures, which are seen as…
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Russia Likely to Back Extension of OPEC Deal as Prices Stabilize
EghtesadOnline: Russia is likely to back a further extension of the OPEC agreement cutting oil output, judging that it has helped to stabilize the market, the country’s deputy prime minister…
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Crude dips, gasoline spikes as floods knock out almost a quarter of U.S. refineries
EghtesadOnline: Oil prices slid on Wednesday but gasoline spiked to its highest since mid-2015 as flooding and storm damage in the wake of Hurricane Harvey knocked out almost a quarter of U.S.…
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U.S. Stocks, Treasuries Rise After Yellen's Speech
EghtesadOnline: U.S. stocks and Treasuries rose while the dollar sank after Janet Yellen’s speech didn’t take the hawkish tone some expected. Oil gained as Hurricane Harvey churned toward the…
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Oil prices fall on concerns of oversupply as Libyan output recovers
EghtesadOnline: Oil prices fell on Wednesday, weighed down by concerns of oversupply as Libyan output improves and as U.S. gasoline inventories rose despite the peak summer driving season.
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Oil prices rise on signs of tightening market
EghtesadOnline: Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States.
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Gold's Rally Against Oil Is Just Beginning
EghtesadOnline: Even as some analysts decry that gold is looking expensive, the rally may be just getting going.
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Crude Market Shows Enduring Strength Beyond Seasonal Peak
EghtesadOnline: The market for physical barrels of crude from places as far apart as Oman and Colombia is strengthening beyond the traditional seasonal peak in demand, a positive indicator for…
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Oil jumps three percent as dollar falls, U.S. rig count drops
EghtesadOnline: Oil prices rose sharply on Friday, as the dollar fell and U.S. drillers cut rigs, feeding a rally that boosted global benchmark Brent crude to a weekly gain while U.S. crude was…
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Oil slips on strong dollar, OPEC and China weigh
EghtesadOnline: Oil prices slipped on Tuesday, extending a heavy sell-off after a surge in the dollar and weighed down by signs of weaker demand in China, the world's second-largest consumer.
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U.K. Inflation Unexpectedly Stagnates as Pound Drop Fades
EghtesadOnline: The U.K. inflation rate held steady in July, falling short of forecasts because of lower oil prices and the fading effects of the pound’s drop after the Brexit vote a year ago.
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Oil Caps Weekly Drop Amid Shaky OPEC Compliance, Weaker Demand
EghtesadOnline: Oil had its worst week in a month as compliance with OPEC’s deal falters and the outlook for demand worsens.
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The U.S. Shale Boom Is Slowing Down
EghtesadOnline: Oil explorers reduced rigs drilling in U.S. oilfields this week, fueling optimism that a shale slowdown and OPEC production cuts will be enough to deflate a glut and strengthen…
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Resources Lead Stock Gains as Oil, Metals Advance
EghtesadOnline: European stocks headed for the first gain in three days, led by raw-material producers after commodity prices surged on optimism the global economy is gathering momentum. Oil…
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Oil prices firm on optimism over declining stocks
EghtesadOnline: Oil prices firmed on Wednesday to hold near eight-week highs hit in the previous session, on expectations of a drawdown in U.S. stocks and as a rise in shale oil production shows…
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Commodity Rally Boosts Asian Raw-Material Stocks
EghtesadOnline: A broad-based rally in commodities from oil to copper underpinned gains in producers of raw materials in Asia, while bonds fell as the Federal Reserve prepares to conclude its…
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Asia Stocks Mixed While Dollar Weakens Before Fed
EghtesadOnline: Asian equities were mixed ahead of the U.S. Federal Reserve’s policy decision and as investors sifted through earnings from companies including Alphabet Inc. Oil rose while the…
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Oil gains ahead of producer meeting; Nigeria, Libya output in focus
EghtesadOnline: Oil prices gained on Monday after a steep fall the session before, buoyed by expectations that a joint OPEC and non-OPEC meeting later in the day may address rising output in…
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Stocks Fall Before Earnings Flurry, Fed
EghtesadOnline: Stocks in Asia dropped and the yen rose for a fifth day as traders showed caution ahead of a week packed with earnings results and a Federal Reserve interest-rate decision. Oil…
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Stocks Fall, Dollar Sinks as Politics Take a Toll
EghtesadOnline: U.S. stocks sank Friday and the euro climbed to its highest level against the dollar since January 2015 as investors assessed an investigation into U.S. President Donald Trump…
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Oil prices stable as strong demand meets ongoing supply glut
EghtesadOnline: Oil prices were stable on Tuesday, supported by strong consumption but weighed by ongoing high supplies from producer club OPEC and also the United States.
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Oil prices rise on strong China demand, signs of U.S. output slowdown
EghtesadOnline: Oil prices rose on Monday, supported by a slowdown in the growth of rigs looking for crude in the United States and because of strong refinery demand from China.