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Latest Articles in crude oil

Oil Rallies On Gulf Tensions And Output Cuts

Brent crude was up $1.78, or 8.7%, at $22.15 a barrel by 0940 GMT. U.S. crude rose $1.87, or 13.6%, at $15.65 a barrel.

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Indian Refineries Scale Back Output As Virus Chokes Demand

India's annual fuel demand grew 0.2% in 2019/20, its slowest in over two decades, dragged down by a hefty 17.8% decline in local consumption in March

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Capturing The Crude Oil Bonanza

India seems to be well placed to benefit from lower crude oil prices, as lower prices mean lower input costs, lower inflation, better current account and will also help in lowering the fiscal deficit.

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Oil Hits Lowest This Century As Coronavirus Crisis Hammers Demand

Brent crude, which fell 24% in the previous session, touched $15.98 a barrel, its lowest since June 1999.

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US Oil Futures Slump To Historic Lows Below Zero, Brent Plunges

Global benchmark Brent crude also fell sharply in response to the collapse of demand following reduced economic activity.

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Negative $40 Oil Reflects Panic - And US Crude Market Economic Reality

Investors sold the May futures contract due to expire on Tuesday in a series of waves. At one point the contract hit negative $40. When the trading stopped, crude oil had ended the day at a negative $37.63 a barrel, a decline of some 305%, or $55.90 a barrel.

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What Is A Negative Crude Future And Does It Mean Anything For Consumers?

Such a steep drop in the oil benchmark prompted strong reactions beyond trading floors. Here is an explanation of what negative crude prices mean in the real world:

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US Crude Futures Turn Positive After Historic Slide, Brent Dips

Global benchmark Brent crude for June delivery was down 20 cents, or 0.8%, at $25.37 per barrel.

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Oil Falls On Concerns Over Storage, Weakening Economies

Brent was down $1.62, or 5.8%, at $26.46 a barrel by 1211 GMT, while the front-month May WTI contract fell $6.22, or 34%, to $12.05.

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Saudi Aramco To Supply Full May Crude Volumes To Asian Refiners

The Organization of the Petroleum Exporting Countries and allies including Russia agreed to reduce production and ease a supply glut exacerbated

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Global Markets: Stocks Head For Higher Ground, Oil Stuck In A Rut

Tokyo's Nikkei dropped 1.3% and MSCI's broadest index of Asia-Pacific shares outside Japan lost almost 1%, wiping out early week gains that had taken it to a one-month high.

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Aramco Offers Struggling Refiners Sweeter Terms For Crude

Saudi Arabia's national oil company has offered through unidentified Saudi banks, are also seen as part of the country's efforts to increase its market share

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Aramco Offers Struggling Refiners Sweeter Terms For Crude

Saudi Arabia's national oil company offered through unnamed Saudi banks in recent weeks, are also seen as part of the Kingdom's ongoing efforts to increase its market share

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Malaysia Says Welcomes OPEC+ Pact To Cut Crude Oil Output

The supply reduction agreement between OPEC members and allies, as it would stabilise the global oil market and ensure supply security for consumers.

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