oil prices

Russian rouble hits one-month high, lifted by oil prices

Russia’s rouble briefly hit a one-month high and its stock market rose on Friday, supported by strong oil prices which helped to offset a resumption of foreign exchange purchases for state reserves, Reuters reported. At 0748 GMT, …

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Brent oil exceeds $61

Oil prices rose after a report from OPEC showed its production fell sharply last month, easing fears about prolonged oversupply. International Brent crude oil futures were up 54 cents, or 0.9%, at $61.72 per barrel. WTI crude futures …

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Brent oil exceeds $62

Brent crude contracts for March delivery were marked 61 cents higher from their Thursday close in New York and changing hands at $62.29 per barrel, the highest since late November. WTI contracts for February were marked 58 cents higher …

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Brent exceeds $60 per barrel after New Year panic

International Brent crude futures climbed back to $60 per barrel today, with OPEC cutting output and on easing concerns over weak demand growth. Around 0940 GMT, Brent crude for delivery in March hit $60 for the first time in 3.5 weeks …

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Brent and WTI jump almost 3%

Oil prices rose by almost 3% on Monday on hopes that talks in Beijing can resolve a trade war between the United States and China, while supply cuts by major producers also supported crude. As of 13:57 Moscow time, Brent jumped 2.77% to …

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Iraq complains over sanctions against Iran

The Iraqi Oil Ministry spokesman, Assem Jihad, said today that the renewed US sanctions against Iran are harming Baghdad first of all. “Iraq suffers the most from these sanctions, because Iraq basically relies on Iran’s gas …

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Trump claims credit for cheap gas

Experts said Trump can take some credit for the increased supply of gas that has driven prices lower, but that fuel economics is a hugely complex subject, impacted by many variables. It took just a few hours into the new year for …

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Oil prices rise, but oversupply worries persist

Oil prices jumped as much as 3% today, but growth in U.S. crude stockpiles and ongoing concerns about the global economy kept markets under pressure. Brent crude was up $1.18 (2.26%) at $53.34 a barrel at 0219 GMT, having earlier risen …

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Oil prices have yet to recover from losses

Oil prices were mixed in thin trading this morning as the U.S. benchmark rebounded from steep losses in the previous session, even though concern over the health of the global economy continued to overshadow the market in the longer term. …

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Christmas wreck: Brent plunges to $45

The global oil market is struck with panic today, despite the fact that the key exchanges - NYMEX in New York and ICE in London - are not working today. As of 10:00 Moscow time, Brent crude futures were trading at $50.6 per …

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WTI and Brent prices plunge 6%

Oil prices plunged more than 6% to the lowest level in more than a year yesterday, pulling back sharply late in the session as fears of an economic slowdown rattled the market. WTI and Brent hit their lowest levels since 2017 during the …

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