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Latest Articles in oil prices
Oil Prices Rise For Fourth Week In Row As Supply Becomes Scarce
Brent crude futures rose USD 1.43 or 1.8 per cent, to settle at USD 81.07 a barrel, with a weekly gain of about 1.2 per cent and US West Texas Intermediate crude ended USD 1.42 or 1.9 per cent, higher at USD 77.07 a barrel, its highest since 25 April
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Oil Price Falls Over 1% As Demand Dampens
Brent crude fell 96 cents or 1.2 per cent to USD 78.91 a barrel by 1153 GMT and US West Texas Intermediate crude dropped by 90 cents or 1.2 per cent to USD 74.52 on a second straight day of losses for both contracts
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Oil Prices Rise As Saudi, Russia Limit Supply For August
Saudi Arabia on Monday said it would extend its voluntary cut of one million barrels per day (bpd) for another month to include August, the state news agency said
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Oil Prices Slide In Asian Trade Amid Economic Concerns And Potential Interest Rate Hikes
Brent crude futures dropped by 20 cents, or 0.3 per cent, to USD 75.21 a barrel at 0044 GMT, following a 0.8 per cent increase on Friday
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Oil Is Set To Fall For Fourth Consecutive Quarter
Benchmark Brent crude futures for September delivery rose 78 cents or 1.05 per cent to stand at USD 75.29 at 09:12 GMT and the less-traded front-month contract, which expires on Friday, was up 91 cents at USD 75.25
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Oil Prices Fall Following Slow Fuel Demand, Weak China Data
Brent crude futures declined 26 cents or 0.4 per cent to USD 73.77 a barrel by 0647 GMT whereas, US West Texas Intermediate (WTI) crude futures slipped 22 cents or 0.3 per cent to USD 69.34 a barrel
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Oil Prices Surge As Failed Mutiny In Russia Raises Concerns Of Supply Disruption
Brent crude futures experienced a 1.3 per cent increase, rising by 95 cents to reach USD 74.80 a barrel by 2300 GMT on Sunday
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Oil Prices Dip As Concerns Over China's Economy Overshadow OPEC+ Cuts
Brent crude settled down by 48 cents, or 0.6 per cent, reaching USD 76.13 per barrel, while US West Texas Intermediate (WTI) crude dropped by 49 cents, or 0.7 per cent, to USD 71.29 at 1935 GMT
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Oil Price Drops More Than 1% Amid Concerns Over China's Economic Growth
Brent crude was down 78 cents or 1 per cent to trade at USD 75.83 a barrel by 06:55 GMT, after falling as much as USD1.27 to USD 75.34
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Oil Prices Rise Over 3% After China's Rate Cut
The rate cut, aimed at adding momentum to a hesitant post-pandemic recovery in the world's second-largest economy and biggest crude importer, is likely to increase oil demand
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Oil Prices Rise As Saudi Output Curbs Outweigh Signs Of Sluggish Demand
Both benchmarks jumped more than USD 1 on Monday after Saudi Arabia's decision over the weekend to reduce output by 1 million barrels per day (bpd) to 9 million bpd in July
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Tighter Supplies From OPEC+ Push Oil Prices Higher
Brent crude futures gained 13 cents, or 0.2 per cent, to USD 85.25 a barrel by 2356 GMT, while US West Texas Intermediate crude was at USD 80.84 a barrel, up 14 cents, or 0.2 per cent
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Oil Prices Rise As China's Factory Gains Boost Outlook For Fuel Demand
Brent crude oil was up 24 cents, or 0.3 per cent, to 83.69 per barrel. On Tuesday, the April contract expired up USD 1.44, or 1.8 per cent, at USD 83.89
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Centre Slashes Windfall Tax On Crude Oil As Prices Slip Globally
The India government has cut the windfall tax on locally sourced crude oil to Rs 1,900 per tonne
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Oil Prices Lose 2022 Gains As Protests Break Out In China
On Monday, oil prices fell near their year lows as street protests against strict Covid-19 curbs in China, the world's largest crude importer, fueled concerns about the outlook for fuel demand
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