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Brent oil falls below $47


Oil prices fell more than 2% today after data showed U.S. production rose last week just as OPEC exports hit a 2017 high, casting doubt on efforts by producers to curb oversupply. Global benchmark Brent futures were down $1.07, or 2.2%, …

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Oil rally fizzles on OPEC doubts


Crude oil prices come under pressure from doubts over whether or not there's an enduring appetite to voluntarily keep production levels lower

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Oil prices extend gains on dip in US output


Crude oil futures on Friday were on track for their biggest weekly gain since mid-May, ending five weeks of losses with prices underpinned by a decline in U.S. output. As of 7:44, a barrel of Brent oil rose in price by 0.57% to $47.90. …

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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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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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