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Oil rises 2% as no immediate Saudi output boost expected

Oil rises 2% as no immediate Saudi output boost expected

Sat, Jul 16, 2022

The comment during US President Joe Biden`s Middle East visit comes at a time when spare capacity at members of the Organization of the Petroleum Exporting Countries (OPEC) is running low.

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Oil prices slip on anticipated U.S. inventory build amid demand worries

Oil prices slip on anticipated U.S. inventory build amid demand worries

Wed, Jul 13, 2022

Brent crude futures dropped 68 cents, or 0.7%, to $98.81 a barrel at 0002 GMT. U.S. West Texas Intermediate crude declined 72 cents, or 0.8%, at $95.12, also the lowest in three months.

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Oil slides as renewed China COVID curbs temper fuel demand outlook

Oil slides as renewed China COVID curbs temper fuel demand outlook

Tue, Jul 12, 2022

Oil prices fell on Tuesday as fresh COVID-19 curbs in China, the world`s biggest crude importer, and fears of a global economic slowdown weighed on the fuel demand outlook.

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Oil mixed as market weighs tight supply against recession jitters

Oil mixed as market weighs tight supply against recession jitters

Mon, Jul 11, 2022

Brent crude futures were up 11 cents, or 0.1%, at $107.13 a barrel at 0102 GMT, adding to a 2.3% gain on Friday.

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Editor’s Take: How long crude will continue to trade range-bound, when reversal can be expected? Anil Singhvi decodes

Editor’s Take: How long crude will continue to trade range-bound, when reversal can be expected? Anil Singhvi decodes

Tue, Jul 05, 2022

Brent crude futures extended gains on Tuesday as a strike in Norway is expected to disrupt oil and gas output, fanning tight supply worries, according to a Reuters report. 

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Crude oil jumps nearly 3% as supply outages outweigh recession fears

Crude oil jumps nearly 3% as supply outages outweigh recession fears

Sat, Jul 02, 2022

Brent crude futures were up $2.71, or 2.5%, at $111.74 a barrel by 1:26 p.m. EDT (1726 GMT), while West Texas Intermediate crude (WTI) gained $2.81, or 2.7%, to $108.57 a barrel.

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Crude oil prices take a breather after three-day rally

Crude oil prices take a breather after three-day rally

Wed, Jun 29, 2022

Brent crude futures for August dropped 61 cents, or 0.5%, to $117.37 a barrel, also reversing an earlier gain. The August contract will expire on Thursday and the more-active September contract was at $113.14, down 66 cents, or 0.6%.

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Crude oil settles up but posts weekly decline on recession fears

Crude oil settles up but posts weekly decline on recession fears

Sun, Jun 26, 2022

On Thursday, Fed Chair Jerome Powell said the central bank`s focus on curbing inflation was "unconditional", adding to fears about more interest rate hikes.

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Crude oil swings higher as tight supplies overshadow demand destruction

Crude oil swings higher as tight supplies overshadow demand destruction

Tue, Jun 21, 2022

Oil prices swung higher in volatile trading on Monday, as traders focused on tight supplies over slowing global economic growth.

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Oil edges down as demand concerns weigh, heading for weekly fall

Oil edges down as demand concerns weigh, heading for weekly fall

Fri, Jun 17, 2022

Oil prices edged lower on Friday and were on track for a weekly decline as interest rate hikes from major central banks fuelled worries about a sharp economic slowdown

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Crude Oil prices slip ahead of expected US Fed interest rate hike

Crude Oil prices slip ahead of expected US Fed interest rate hike

Wed, Jun 15, 2022

WTI crude futures fell 8 cents, or 0.1%, to $118.85 a barrel by 0008 GMT. Brent crude futures fell 26 cents, or 0.2%, to $120.91 a barrel.

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Crude oil rises on tight supplies; trade choppy on demand worries

Crude oil rises on tight supplies; trade choppy on demand worries

Tue, Jun 14, 2022

Oil prices rose on Monday in a session of volatile trade, as tight global supplies outweighed worries that demand would be pressured by a flare-up in COVID-19 cases in Beijing and more interest rate hikes.

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Indian crude oil basket touches 10-year high; petrol, diesel retail prices remain unchanged

Indian crude oil basket touches 10-year high; petrol, diesel retail prices remain unchanged

Sun, Jun 12, 2022

The basket of crude oil that India buys has hit a decade high of USD 121 per barrel, but retail selling prices of petrol and diesel continue to remain frozen.

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Crude Oil dives as U.S. inflation data surges; China imposes lockdowns

Crude Oil dives as U.S. inflation data surges; China imposes lockdowns

Sat, Jun 11, 2022

Brent crude fell $2.12, or 1.7%, to $120.95 a barrel at 12:42 p.m. EDT (1642 GMT). U.S. West Texas Intermediate crude fell $2.02, or 1.7% to $119.49 a barrel.

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Oil prices inch higher ahead of U.S. inventories data; both Brent and WTI crude near $120/bbl level

Oil prices inch higher ahead of U.S. inventories data; both Brent and WTI crude near $120/bbl level

Wed, Jun 08, 2022

Oil prices edged up on Wednesday ahead of data on U.S. oil inventories, with crude futures supported by tight supplies and recovering fuel demand as China`s top cities relax COVID-19 curbs.

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Oil prices edge higher on relaxed China COVID curbs, tight supplies

Oil prices edge higher on relaxed China COVID curbs, tight supplies

Tue, Jun 07, 2022

Oil prices inched higher on Tuesday on expected demand recovery in China as it relaxed tough COVID curbs and doubts a higher output target by OPEC+ producers would ease tight supply.

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Crude oil jumps after Saudi Arabia hikes crude prices

Crude oil jumps after Saudi Arabia hikes crude prices

Mon, Jun 06, 2022

Brent crude futures were up $1.80, or 1.5%, at $121.52 a barrel at 2319 GMT after touching an intraday high of $121.95, extending a 1.8% gain from Friday.

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Crude oil rises despite OPEC+ output hike plan; supply still tight

Crude oil rises despite OPEC+ output hike plan; supply still tight

Sat, Jun 04, 2022

Brent crude rose $1.76, or 1.5%, to $119.37 a barrel by 1338 GMT. U.S. West Texas Intermediate (WTI) crude advanced $1.70, or 1.3%, to $118.57.

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Crude oil prices open higher on European Union's Russian oil ban and end of Shanghai lockdown

Crude oil prices open higher on European Union's Russian oil ban and end of Shanghai lockdown

Wed, Jun 01, 2022

Oil prices rose in early Asian trade on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and China ended its COVID-19 lockdown in Shanghai.

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Oil settles up ahead of U.S. driving season, EU embargo decision

Oil settles up ahead of U.S. driving season, EU embargo decision

Sat, May 28, 2022

Brent crude rose $2.03, or 1.7%, to settle at $119.43. U.S. West Texas Intermediate (WTI) crude rose 98 cents, or 0.9%, to settle at $115.07 a barrel. For the week, Brent rose 6% while WTI gained 1.5%.

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