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OPEC JITTERS
Oil jumps 3% after OPEC+ keeps output increase unchangedOil prices jumped by about 3% on Monday after producer group OPEC+ kept output increases in July at the same level as the previous two mont...- Oil drops over $1 as OPEC+ decision spotlights shaky demandOil prices fell more than $1 on Tuesday on scepticism about an OPEC+ decision to boost supply later this year into a global market where de...
- Oil down more than $1 a barrel as Angola decides to exit OPECBrent crude futures were down $1.30, or 1.63%, to $78.40 a barrel by 1419 GMT, while U.S. West Texas Intermediate crude was lower by $1.19,...
- Oil heads for weekly loss on rate hike worries, ample supplyTwo Fed officials on Thursday warned additional hikes in borrowing costs are essential to lower inflation to desired levels. Heightened rat...
- Oil prices edge higher as IEA's Birol talks up China demand outlookPrice caps on Russian products took effect on Sunday, with the Group of Seven (G7), the European Union and Australia agreeing on caps of $1...
- Oil climbs as major producer UAE says it has no spare capacityUAE Energy Minister Suhail al-Mazrouei said on Monday UAE was producing near maximum capacity based on its quota of 3.168 million barrels p...
- Oil prices jump on supply worries amid Kazakhstan unrestOil prices rose on Friday as an uprising in Kazakhstan stoked worry that crude supply from the OPEC+ producer could be disrupted at the sam...
- Oil rises over 1% as demand hopes bolster sentimentInvestors remain wary, however, over record-breaking infection rates in India, the third-largest fuel importer worldwide, along with higher...
- Oil prices edge up on hope vaccines will improve fuel demandThe United States kicked off its vaccination campaign against COVID-19, buoying hopes that pandemic restrictions could end soon and lift de...
- Crude oil prices slip in cautious trading ahead of OPEC+ meetingU.S. West Texas Intermediate crude futures for January fell 40 cents, or 0.9%, to $45.13 a barrel.
- Commodity strategies: Gold, silver, crude, base metalsCrude oil futures rallied for the second day on OPEC jitters while base metals were supported by strong equity indices.
- Oil falls as COVID-19 cases soar, Libya output jumpsU.S. West Texas Intermediate (WTI) crude futures slipped 6 cents, or 0.2%, to $36.75 a barrel at 0159 GMT, while Brent crude futures fell 1...
- Oil loses 4% after Trump gets coronavirus and economies wobble"It's been a rough week, and now the president's diagnosis sends a shudder through markets," said John Kilduff, partner at Again Capital in...
- Oil prices ease as coronavirus infections riseThe Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, a grouping known as OPEC+, agreed this month to e...
- Crude oil prices up after Saudis pledge deeper output cuts beyond JuneUS West Texas Intermediate (WTI) crude was up $1.40, or 5.8 per cent, at $25.54.
- Oil bounces back, but markets remain fragile amid trade disputesUS West Texas Intermediate (WTI) crude futures were up 63 cents, or 1.1 per cent.
- Concern mounts as oil price nears $120 a barrelInternational concern mounted as world oil prices edged closer to $120 a barrel Wednesday and the world's top producer called for calm.
- All eyes on record oil prices as OPEC prepares to meetOPEC, whose member countries together pump 40 per cent of the world's oil, was expected to maintain its official output ceiling on Wednesda...
- Crude oil prices too low: IranIran, OPEC's number-two exporter, hit out on Saturday at the recent hike in oil prices, saying real prices were far lower than the 90-dolla...
- Oil breaches $61 on Opec move, nuke test jittersOil climbed back above $61 a barrel on Monday as Opec moved closer to cementing a deal to cut 1 million barrels per day of output and after...
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