oil prices

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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Rosneft finds first oilfield offshore eastern Arctic

Russia's largest oil producer Rosneft said on Sunday it had found its first oilfield in the Laptev Sea in the eastern Arctic. Rosneft and its partners plan to invest 480 billion rubles ($8.4 billion) in developing Russia's …

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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 in anticipation of new war in Persian Gulf

The current diplomatic rift between Qatar and other Persian Gulf countries will have an insignificant effect on world markets, but the potentially possible prospect of its escalation into a military clash between Arab states can lead to an …

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