Global Oil Prices
Oil slips on trade fears but soars in week after Saudi production attacked
Sat, Sep 21, 2019
US shale producers pounced on the chance to lock in future revenue for this year and next after oil prices surged by the most in 30 years early this week following the attack, sources familiar with the money flows said.
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Oil price jumps nearly 15% in record trading after attack on Saudi facilities
Tue, Sep 17, 2019
Brent crude, the international benchmark, settled at $69.02 a barrel, rising $8.80, or 14.6%, its biggest one-day percentage gain since at least 1988. Brent futures saw more than 2 million contracts traded, an all-time daily volume record, Intercontinental Exchange spokeswoman Rebecca Mitchell said.
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Oil slumps to seven-month low on global trade tensions, surprise US stock build
Wed, Aug 07, 2019
The oil markets extended losses after government data showed that U.S. crude stockpiles rose unexpectedly last week, increasing 2.4 million barrels, compared with analysts` expectations for a decrease of 2.8 million barrels.
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US-Iran tension: Oil prices dip on signs of slowing American demand, economic concerns
Thu, Jul 04, 2019
US inventories fell less than expected as U.S. refineries last week consumed less crude than the week before and processed 2% less oil than a year ago, the EIA data showed, despite being in the midst of the summer gasoline demand season.
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Oil prices rise to highest level since November 2018; Check reasons
Mon, Feb 18, 2019
The Organization of the Petroleum Exporting Countries (OPEC), as well as some non-affiliated producers like Russia, agreed late last year to cut output by 1.2 million barrels per day (bpd) to prevent a large supply overhang from swelling more.
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Saudi 2019 budget boosts spending in bid to spur sluggish economy
Tue, Dec 18, 2018
The economy shrank last year and, although the government estimates it grew 2.3 percent in 2018, that is much slower than the boom years early this decade - and not enough to put much of a dent in a record jobless rate of 12.9 percent among Saudis.
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Oil stable as U.S.-China trade row weighs, Iran sanctions cut supply outlook
Mon, Aug 27, 2018
Oil prices dipped slightly on Monday on concerns that a U.S.-China trade dispute will erode global economic growth, although looming U.S. sanctions against Iran`s oil sector kept crude from falling further, traders said.
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Oil gains after surprise drop in Saudi crude output
Mon, Aug 06, 2018
Saudi Arabia pumped around 10.29 million barrels per day (bpd) of crude in July, two OPEC sources said on Friday, down about 200,000 bpd from a month earlier. That came despite a pledge by the Saudis and top producer Russia in June to raise output from July, with Saudi Arabia promising a "measurable" supply boost.
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