Brent

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Brent hits $70 on demand prospects

Oil prices rose on Tuesday, with Brent topping $70 and trading at its highest since March, as optimism grew over the fuel demand outlook during the summer driving season of the United States, the world's top oil consumer. Brent …

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Global oil prices climb up

Oil prices climbed in early Asian trade on Monday, underpinned by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to the OPEC+ meeting this week for supply guidance. Brent crude futures for …

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Oil prices fall on rising COVID-19 infections in Asia

Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases in Asia rise and on fears rising inflation might lead the U.S. Federal Reserve to raise interest rates, which could limit economic growth. …

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Brent oil climbs to $70  per barrel

Brent crude topped $70 a barrel in London for the first time since mid-March amid signs that recovering consumption has whittled away a glut of oil that built up last year at the height of the Covid-19 pandemic. Brent rose 0.9% to …

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Oil prices rise on stronger economic outlook

Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world’s biggest fuel consumer, fell. But …

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Brent futures climb to $64.98/bbl

Brent oil futures with delivery in June 2021 soared 3.6% to $64.98 a barrel on the London-based ICE on Thursday, according to market data. Brent oil prices are growing after the decision of OPEC+ to boost oil production since May …

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Suez Canal blockage stops global oil supplies

The trade of at least $400 million of crude oil as well as liquefied natural gas (LNG), refined fuels and containers full of goods have come to a standstill in one of the world’s key shipping routes, with millions of dollars more at risk …

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Oil steadies after sell-off as demand doubts persist

Oil prices steadied on Friday, but were down 8% for the week, after an overnight sell-off as a new wave of coronavirus infections across Europe triggered fresh lockdowns and dampened expectations of any imminent recovery in fuel demand. …

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Oil prices slip on surprise build in U.S. crude stocks

Oil prices were lower on Wednesday after industry data showed a surprise build in U.S. crude stocks last week as a deep freeze in the southern states curbed demand from refineries that were forced to shut. Crude stockpiles rose by 1 …

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Brent crude surpasses $65 per barrel

The price of futures contracts of Brent crude oil for April 2021 on London’s ICE went up by 1.2%, reaching $65.12 per barrel, according to the trading data as of 04:01 Moscow time. This is the first time the price of Brent has …

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Oil prices extend rally on Texas supply disruptions

Oil prices advanced further on Wednesday, underpinned by major supply disruption in the south of the United States this week, caused by a historic winter storm in Texas. U.S. West Texas Intermediate (WTI) crude futures rose 41 cents, or …

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Brent crude price exceeds $61

Oil prices rose on Tuesday to their highest level in 13 months supported by supply cuts by major producers and hopes of demand recovery. International benchmark Brent crude was trading up 0.9 percent at $61.08 per barrel, at 7 am Riyadh …

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