oil prices

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WTI oil rallies above $60 per barrel

The WTI oil price jumped back above $60 per barrel today after OPEC kingpin Saudi Arabia and non-cartel producer Russia said they would extend caps on crude output. WTI, the New York benchmark, rallied to $60.13 per barrel around …

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Brent oil climbs to $66.1

Oil prices rose to a four-week high this morning after industry data showed a big drop in U.S. crude stockpiles and amid escalating tensions between Washington and Tehran. Brent crude futures rose to $66.1 per barrel at 07:25 MSK, up …

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 Oil prices slip, but still propelled to gain for week

Oil prices reversed earlier gains this morning but benchmark Brent crude was still set for its first weekly gain in five weeks amid rising tensions in the Middle East and on hopes for a drop in U.S. interest rates that may stimulate global …

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Dollar sets new anti-record of 2019

The dollar exchange rate dropped to 63.31 rubles during the today's trading on the Moscow stock exchange. Yesterday the dollar was worth 63.91 rubles. Oil jumped more than 3% to above $63 a barrel today after Iran …

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What to expect from OPEC+ meeting in July?

OPEC has agreed to move its next meeting to July 1, followed by a meeting with non-OPEC allies on July 2, according to new dates posted on the website of the Organization of the Petroleum Exporting Countries. OPEC and allies were …

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Oil prices jump after Gulf of Oman tanker 'attacks'

Crude prices climbed sharply today amid reports of an attack on oil tankers in the Gulf of Oman. Brent crude, the global benchmark, was up 3% at $61.76 a barrel on London’s ICE Futures exchange. On the New York Mercantile …

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 Oil prices fall 3%

Oil prices fell 3% today, weighed down by a weaker demand outlook and a rise in U.S. crude inventories despite growing expectations of ongoing OPEC-led supply cuts. Brent crude futures were down more than 3%, at $60.61 a barrel, …

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 Novak on why oil price could fall to $30 per barrel

Russian Energy Minister Alexander Novak did not rule out that oil prices could fall to $30 per barrel due to overproduction, he said after the meeting of the Russian-Saudi intergovernmental commission on trade, economic and …

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