oil prices

Oil falls on fears of glut as OPEC+ set to boost output

Oil prices fell on Monday on oversupply worries as OPEC and its allies are set to wind back output cuts in August and a rise in worldwide COVID-19 cases points to a slower pick-up in demand. Brent crude futures slid 27 cents, or …

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Trump thanks Russia for stabilizing oil

U.S. President Donald Trump expressed gratitude to Russia, Saudi Arabia and Mexico for the OPEC + agreement to cut oil output, concluded in April. "When oil crashed, I got Saudi Arabia, Russia, and others to cut nearly 10 …

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Oil dips with virus second wave hitting

Oil slipped to near $41 as investors weighed worsening relations between Washington and Beijing alongside flare-ups in coronavirus outbreaks across the world, Bloomberg reports in its article  …

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Oil slips as US-China friction

Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets. Brent crude dipped 8 cents, or 0.2%, to $43.26 a barrel by 04:03 GMT, while …

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The Oil Bulls Betting On $150 Crude

The current oil crisis will severely depress investments in new oil production, setting the stage for oil prices hitting $100 or even $150 a barrel over the next five years, several analysts told The Wall Street Journal. As Oil Price …

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Oil price to rebound above $100?

Some experts predict that investment in oil-and-gas production will dry up and propel crude prices back above $100 a barrel, The Wall Street Journal reported. "That funding pressure is going to be massive. It's going to be …

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Oil prices down with rise in U.S. crude stocks

Oil prices were down on Thursday with a surprise increase in U.S. crude oil stocks, signaling that oil demand could remain weak in the world's largest oil-consuming nation. International benchmark Brent crude was trading at …

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Oil prices gain on fall in crude stockpiles

Oil prices rose on Thursday, reversing early losses, as a sharp drop in oil stockpiles outweighed concerns that a spike in U.S. coronavirus infections and revived lockdown measures in California could stall a recovery in fuel demand. …

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