Brent

 Brent oil down to $64.27 per barrel

Oil prices largely held on to gains on November 7 after posting the biggest rise in six weeks a day earlier, buoyed by moves by Saudi Arabia’s crown prince to tighten his grip on power and rising tensions between the kingdom and Iran.

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 Brent rises to two-year high after Saudi Arabia purge

Brent oil price has hit its highest level since July 2015 after Saudi Arabia’s crown prince increased his power in the kingdom by launching an anti-corruption purge over the weekend. Analysts said the uncertainty generated by the …

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Brent crude hits two year high

Brent crude, the global benchmark for oil trade, opened above $60 per barrel on Monday, close to its highest level since July 2015. Brent crude jumped $0.14 to $60.58 per barrel as of 14:20 (MSK). U.S. West Texas Intermediate …

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Brent oil price rises above $58

Oil prices pushed higher as the conflict between Iraq and Kurdistan entered a new phase with the advance of Iraqi forces on Kirkuk.  Brent rose above $58 and while the late September highs above $59 are within sight it may struggle …

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Oil prices jump on fears of new Iran sanctions

Oil markets jumped on Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq, while an explosion at a U.S. oil rig and reduced exploration activity supported prices there. International Brent …

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Record U.S. Oil Exports Weigh On Oil Prices

EIA data about U.S. crude oil exports showed these had hit a record-high of 1.98 million bpd. This is the highest weekly average since exports were once again allowed, after a four-decade ban. Last week’s figure also beat the …

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Oil prices continue declining

Oil prices continue to decline: U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $50.16 per barrel at 0648 GMT, down 26 cents, or 0.5%, from their last close. They fell below $50 per barrel earlier in the session. Brent …

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Oil prices decline on signs of higher output

  OPEC nations pumped slightly more crude in September as Libya’s biggest oil field returned to production. Output from the Organization of Petroleum Exporting Countries was 32.83 million barrels a day in September, …

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 Oil drillers responsible for WTI weakness - Reuters

The U.S. Energy Information Administration (EIA) is distorting oil prices by being far too optimistic in its forecasts for U.S. production, the chief executive of Continental Resources, Harold Hamm, said. Hamm blames EIA for both …

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 Oil prices declining

Oil futures are falling this morning despite the US Department of Energy data on a significant reduction of reserves of the ‘black gold‘ in the country.  As of 09:15 am (MSK), Brent December crude futures declined 0.4% …

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Why is oil getting more expensive?

Oil prices have continued to rise after reaching the maximum level for more than two years yesterday. London Brent crude for November delivery LCOc1 was up 1 cent at $59.03 a barrel by 0621 GMT after settling up 3.8% on Monday. Earlier …

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