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Latest Articles in crude oil
Oil Rises On US Stimulus Hopes, Tighter Market Under Biden
Brent crude settled at $56.08 a barrel, gaining 18 cents. U.S. West Texas Intermediate (WTI) crude settled at $53.24 a barrel, climbing 26 cents.
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India's Oil Imports At Near Three-Year High In December - Trade
India's annual crude imports declined by about a tenth in 2020 from the previous year to 4.04 million bpd, the lowest in five years,
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Oil Above $56 On U.S. Stimulus Hopes Ahead Of Biden Inauguration
Brent crude was up 40 cents, or 0.7%, to $56.30 at 0915 GMT, after a 2.1% gain on Tuesday. U.S. West Texas Intermediate (WTI) crude climbed 48 cents, or 0.9%, to $53.46.
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India Blames Saudi Oil Output Cut For Surge In Oil Prices
Pradhan said the efforts to cut output, coordinated by OPEC Secretary-General Mohammad Sanusi Barkindo, were creating confusion for consumer countries.
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Oil Gains On Stimulus Optimism Ahead Of Biden Inauguration
Brent futures for March delivery rose $1.15, or 2.1%, to settle at $55.90 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 62 cents, or 1.2%, to settle at $52.98.
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Resurgence In COVID-19 Cases Slows Oil Demand Rebound - IEA
Supply and demand are on track for recovery this year, and efforts by major producers to balance the market by reining in output are helping draw down oil stocks worldwide.
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Brent Crude Edges Up As Optimism Over Economy Trumps Demand Concerns
Investors are upbeat about demand in China, the world's top crude oil importer, after data released on Monday showed its refinery output rose 3% to a new record in 2020.
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Hike In Fuel Prices Due To Lower Production Amid COVID-19, Says Dharmendra Pradhan
The Union Minister asserted that the government was focusing on electric vehicles (EVs), solar energy, production of ethanol etc to become self-reliant in the energy sector.
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Oil Drops 1% As Rising Coronavirus Cases End Supply-Led Rally
Brent crude fell 45 cents, or nearly 1%, to $54.65 a barrel by 0207 GMT, after dropping 2.3% on Friday. U.S. oil was down by 43 cents, also nearly 1%, at $51.93 a barrel, having declined 2.3% in the previous trading session.
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Oil Drops Over 2% On China Lockdowns, US Stimulus Concerns
Brent fell $1.32, or 2.3%, to settle at $55.10 a barrel. U.S. West Texas Intermediate crude settled down $1.21, or 2.3%, at $52.36 a barrel.
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Oil Drops As Chinese Lockdowns, US Unemployment Data Drains Rally
Brent was down 71 cents, or 1.2%, at $55.71 by 0758 GMT, after gaining 0.6% on Thursday. U.S. West Texas Intermediate crude was 46 cents, or 0.9%, lower at $53.11 a barrel, having risen more than 1% the previous session.
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What Is The Saudi-Russia-America Oil War? How Does It Affect India?
Russia refused to comply, and took the opposite route of increasing their production. One may speculate why Russia did that, but experts believe it is to attacks the USA oil industry.
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Oil Prices Dip On Virus Worries; U.S. Stock Draw, China Data Check Losses
Brent crude oil futures fell 18 cents, or 0.3%, to $55.88 a barrel by 0425 GMT, while U.S. West Texas Intermediate (WTI) slipped by 11 cents, or 0.2%, to $52.80 a barrel.
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Oil Prices Extend Gains After US Inventory Drop
Crude inventories in the U.S. dropped by 5.8 million barrels last week to around 484.5 million barrels, data from the American Petroleum Institute showed late on Tuesday.
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Oil Rises Above $56 As Tighter Supply Offsets Virus Concern
The regulator observed that the 18-year period stipulated in the scheme has expired and ORIPL has not yet made repayment of profit, income to investors as promised by it.
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