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Oil prices gain on lower US inventories, ahead of OPEC meeting

Oil prices gain on lower US inventories, ahead of OPEC meeting

Wed, Jun 20, 2018

US crude inventories fell by 3 million barrels to 430.6 million barrels in the week to June 15, according to American Petroleum Institute (API) in a weekly report on Tuesday. Brent crude futures rose 40 cents, or 0.5 percent, to $75.48 per barrel at 0653 GMT, compared with their last close on Tuesday.

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Uptrend in crude oil price may further impact India's fiscal position

Uptrend in crude oil price may further impact India's fiscal position

Wed, Jan 10, 2018

Given the negative balance on Petro account, CARE stated that higher prices of crude oil will increase the trade deficit and put pressure on the rupee.

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Oil eases as traders and investors grow edgy ahead of OPEC meet

Oil eases as traders and investors grow edgy ahead of OPEC meet

Mon, Nov 20, 2017

Brent crude futures were at $62.37 per barrel by 1002 GMT, down 35 cents on the day, while U.S. West Texas Intermediate (WTI) crude futures were down 7 cents at $56.48 a barrel.

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Oil languishes after OPEC fails to deepen supply cuts, Asia stocks retreat

Oil languishes after OPEC fails to deepen supply cuts, Asia stocks retreat

Fri, May 26, 2017

The Organization of Petroleum Exporting Countries and some non-OPEC producers agreed at a meeting in Vienna on Thursday to extend supply cuts of 1.8 million barrels per day until the end of the first quarter of 2018.While OPEC`s move had been expected, some oil market investors had hoped producers would agree to longer or deeper cuts to drain a global glut of oil. 

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Oil price may once again fall below $45 per barrel: How does it bode for India?

Oil price may once again fall below $45 per barrel: How does it bode for India?

Fri, May 12, 2017

OPEC and other major producers had been enjoying higher prices since agreeing in November to slash production, a strategy designed to rid global markets of excess supply. But now the strategy appears to be not working. 

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Global Markets: Oil price jump on U.S. inventories slide boosts stocks

Global Markets: Oil price jump on U.S. inventories slide boosts stocks

Thu, May 11, 2017

Oil prices held on to 3 percent-plus overnight gains, their biggest one-day jump since Dec. 1, following a steep drop in U.S. inventories and support from Iraq and Algeria for an extension to OPEC supply cuts.

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Asian stocks set on edge by Comey dismissal, North Korea tensions

Asian stocks set on edge by Comey dismissal, North Korea tensions

Wed, May 10, 2017

Rising U.S. yields propped up the dollar to its strongest level against the Japanese yen in two months at 114.32 in the previous session but it gave back some of those gains after Trump fired FBI Director Comey in a move that shocked Washington.

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Global stocks skid, safe-haven assets jump as U.S. strikes Syria

Global stocks skid, safe-haven assets jump as U.S. strikes Syria

Fri, Apr 07, 2017

The U.S. military launched cruise missile strikes ordered by President Donald Trump against a Syrian air base controlled by President Bashar al-Assad`s forces in response to a deadly chemical attack in a rebel-held area, a U.S. official said.

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Asia stocks set to end week higher, dollar slides after Fed

Asia stocks set to end week higher, dollar slides after Fed

Fri, Mar 17, 2017

"The story in global markets over the past 24 hours has centred on a broad-based tightening of monetary policy conditions (and the perception of future tightening)," Chris Weston, chief market strategist at IG in Melbourne, wrote in a note. 

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Dollar crunched, bonds boosted as Fed goes gradual

Dollar crunched, bonds boosted as Fed goes gradual

Thu, Mar 16, 2017

"The Fed makes the world safe for risk until June," said CitiFX strategist Steven Englander. "Buy emerging market FX, equities, commodities."

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Asia shares off to cautious start as Fed rate hike looms

Asia shares off to cautious start as Fed rate hike looms

Mon, Mar 13, 2017

"The markets are focusing on when the Fed will raise rates next time or the pace of its rate hike, so the tone of Fed Chair Janet Yellen will be closely watched," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management.

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Oil prices dip but stay near 1-year highs on expected output cut

Oil prices dip but stay near 1-year highs on expected output cut

Tue, Oct 11, 2016

Oil prices jumped as much as 3 percent on Monday, with Brent hitting a one-year peak, after Russia and Saudi Arabia both said a deal between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC members like Russia in curbing crude output was possible.

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