oil price
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Oil Prices Heading for Fourth Weekly Decline
EghtesadOnline: Oil prices fell on Friday, set for their fourth weekly decline, as renewed economic concerns in the United States and China revived anxieties about fuel demand growth in the world's…
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Biggest Oil Price Surge Since 1991
EghtesadOnline: Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the Persian Gulf War in 1991, after an attack on Saudi oil facilities on Saturday…
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IMF’s Christine Lagarde: Oil Exporters Have Not Fully Recovered From 2014 Shock
EghtesadOnline: Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the International Monetary Fund said on Saturday, and she cautioned against spending…
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Iran: Equity Market Sinks as Selloff Continues
EghtesadOnline: After ending the past week 3.5% lower, the Tehran Stock Exchange continued to reel under selling pressure on Saturday. Falling global stocks, US-China trade war, declining oil…
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Saudi Arabia Signals Ambition for $80 Oil Price
EghtesadOnline: Saudi Arabia wants to get oil prices near $80 a barrel to pay for the government’s crowded policy agenda and support the valuation of state energy giant Aramco before an initial…
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Iran State Finances in Disarray
EghtesadOnline: Low crude prices severely restricted government revenues that fell far short of expectations in the first half of this year, raising alarms about the future growth in the economy…
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Saudi Arabia’s Monarch Scraps Bonuses, Cuts Minister Salaries
EghtesadOnline: Saudi Arabia canceled bonus payments for state employees and cut ministers’ salaries by 20 percent, its latest steps to rein in a budget deficit that ballooned amid the oil price…
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Crude Slips to $47 as Dollar Retreats; European Stocks Advance
EghtesadOnline: Oil extended its retreat from a seven-week high on supply concerns, while the dollar weakened versus major peers as traders weighed prospects for a U.S. interest-rate hike this…
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Renewed oil weakness sparks demand fears
EghtesadOnline: U.S. oil prices topped $50 a barrel in June, boosting optimism a two-year price rout might end. Six weeks later, the long hoped for recovery has yet to take hold.