Brent

Oil rises, but US drilling drags

Oil prices rose early on Monday, but an increase in U.S. drilling activity stoked worries that a global supply glut will persist despite an OPEC-led effort to curb output. As of 08:36am (MSK), Brent for August settlement gained as …

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Dollar exceeds 60 rubles again

Today the US currency during the trading process at the Moscow Stock Exchange has crossed its psychological barrier of 60 rubles for the first time since February 2017. The cost of the euro has crossed the barrier of 67 rubles for the first …

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Oil prices hit 2016 lows

Oil prices fell to seven-month lows on Tuesday after news of increases in supply by several key producers, a trend that has undermined attempts by OPEC and others to support the market through reduced output.

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Oil bounces but stuck near 2017 lows on supply overhang

Oil prices edged up from 2017 lows on June 16 but an ongoing supply excess put them on track for their fourth consecutive week of losses despite OPEC-led production cuts to support the crude market. Brent crude futures were up 42 cents …

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Oil prices set new anti-records

Oil prices tumbled to a 7-month low on June 15 after gasoline inventories unexpectedly rose and crude stockpiles fell less than expected last week. As of 14:43 (MSK), Brent for August settlement fell by 0.21% to $46.90 per …

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 Oil drops as US crude stockpiles extended gains

Oil resumed its decline as industry data showed US crude stockpiles extended gains, exacerbating an inventory overhang. West Texas Intermediate for July delivery slid as much as 1.1% to $45.99 a barrel on the New York Mercantile …

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Oil prices rise over declining US output

As of 08:23 (MSK) the prices of August futures for Brent oil increased by 0.75% to $48.42 per dollar on the ICE Exchange in London. The July futures for WTI oil rose by 0.66% to $46.02 per barrel at the New York Mercantile Exchange (NYMEX), RIA …

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Oil prices rise as Arab nations cut ties with Qatar

Oil prices are on the rise after Saudi Arabia, Egypt, the United Arab Emirates and Bahrain cut ties with Qatar, accusing it of financing terror and undermining security. Concerns that political instability in the important oil-producing …

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Brent dips below $49, ruble declines

The cost of the August futures of Brent crude oil on London's ICE trading have declined by 3.3% to $48.95 per barrel.  As of 13:31, the dollar increased by 0.37 rubles and was worth 56.75 rubles on the Moscow stock …

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Oil prices rise on US stockpile draw

Oil futures rose today from a three-week low touched the previous session, buoyed by a report that showed US crude stockpiles had fallen more than expected. Brent crude futures for July LCOc1 were up 39 cents (0.8%) at $51.15 a barrel …

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 Oil prices drop again

The prices of July futures for Brent oil dropped by $0.21 (0.41%) to $51.63 per dollar on the ICE Exchange in London, as of 07:63 (MSK). The July futures for WTI oil declined by $0.29 (0.58%) and reached $49.37 per barrel at the New …

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