oil prices

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Rouble strengthens

The rouble strengthened on Wednesday, supported by rising oil prices which also pushed Russia’s benchmark MOEX stock index to a record high, as the finance ministry held two OFZ treasury bond auctions

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Protests in Libya, Hurricane Ida support oil rally

Oil prices rebounded early on Wednesday, rising by more than 1 percent, as nearly 80 percent of the total crude oil production in the U.S. Gulf of Mexico remains shut-in more than a week after Hurricane Ida made landfall in Louisiana

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Oil prices mixed ahead of U.S. jobs report

Oil prices were mixed on Friday after a strong rise in the previous session on a weaker dollar and a fall in U.S. crude stocks and were set for modest weekly gains ahead of a highly anticipated U.S. monthly jobs report. Brent crude …

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OPEC + may reduce output on September 1

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures closed higher on Friday as oil companies raced to evacuate employees from offshore infrastructure ahead of hurricane Ida, prompting shutdowns at their facilities in the Gulf

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Russia's answer to US shale

Russia regards its Arctic oil and gas development in the same way that the U.S. saw its shale oil and gas sector around 20 years ago, which is a truly game-changing opportunity to alter the balance of power in the world’s hydrocarbons markets

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Oil extends gains on brighter demand outlook

Oil prices rose on Tuesday, extending sharp gains on a bullish demand outlook as Mexico suffered a big production outage and U.S. regulators issued their first full approval for a COVID-19 vaccine. Brent crude oil futures were up $1.09, …

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Oil extends gains on brighter demand outlook

Oil prices rose on Tuesday, extending sharp gains on a bullish demand outlook as Mexico suffered a big production outage and U.S. regulators issued their first full approval for a COVID-19 vaccine. Brent crude oil futures were up 83 …

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Oil heads for 6% weekly drop

Oil prices were down for a seventh straight session on Friday near three-month lows and heading for a weekly loss of over 6% as new lockdowns in countries facing surging cases of the COVID-19 Delta variant dampened the outlook for fuel …

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Brent oil drops to $66 on demand concerns

Oil dropped to $66 a barrel on Thursday, its lowest since May, pressured by concerns about weaker demand as COVID-19 cases rise, a stronger U.S. dollar and a surprise increase in U.S. gasoline inventories. Circulation of the Delta …

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Oil up on declining U.S. oil stocks

Crude oil prices rose on Wednesday due to expectations of a weekly decline in U.S. crude stocks, but fears that growing coronavirus infections could stifle demand. Brent crude was up 47 cents or 0.68% at $69.5 a barrel by 08:05 GMT. …

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White House confirms holding oil talks with OPEC

The United States and OPEC have had ongoing engagements to produce more oil, White House press secretary Jen Psaki confirmed. "This is just an outreach that’s just happening over the last couple of days, but …

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Oil slides amid new Covid variant

Oil prices fell over 2% to a three-week low on Monday, extending last week's steep losses on the back of a firmer U.S. dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow a global recovery in fuel demand

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Brent crude oil price down below $68 per barrel

 The price of futures contracts of Brent crude oil for October 2021 delivery was down by 4.02% on London's ICE on Monday at $67.86 per barrel, diving below $68 per barrel for the first time since July 20, 2021, according to the trading …

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Oil rises amid Mideast tensions

Oil prices rose about 1% on Thursday on increasing Middle East tensions, but fresh movement restrictions imposed by countries to counter a surge in COVID-19 cases threatened the demand recovery

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Oil drops below $70 on virus concerns

Oil prices fell on Thursday wiping out early gains as more countries imposed movement restrictions amid a surge in coronavirus cases and as the U.S. dollar firmed, though tension in the Middle East kept prices from falling further. …

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