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Latest Articles in oil

Oil Falls But Prices Still Elevated After Attacks On Saudi Facilities

Brent crude was down 73 cents, or 1.1 per cent, at $68.29 a barrel by 0405 GMT, and West Texas Intermediate was down 87 cents, or 1.4 per cent, at $62.03 a barrel.

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Oil Soars After Attack On Saudi Plants Shuts In 5 Per Cent Of Global Supply

Brent crude futures, the international benchmark, rose by as much as 19.5 per cent to $71.95 per barrel, the biggest intra-day jump since Jan. 14, 1991.

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Saudi Aramco Tells Indian Refiner It Will Get Oil: Source

Aramco has lost half of its production capacity after attacks on its facilities on Saturday and it remains unclear how long it will take the company to fix the damage.

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Oil Gains On Signs Of Thaw In US-China Trade War, Inventory Fall

Brent crude futures rose 23 cents, or 0.4 per cent, to $61.04 a barrel by 0650 GMT. US West Texas Intermediate (WTI) futures was up 28 cents, or 0.5 per cent, to $56.03 a barrel.

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Oil Prices Gain After Bigger-Than-Expected Fall In US Stockpiles

Iran’s oil exports were slashed by more than 80 per cent due to re-imposed sanctions by the United States.

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Oil Hits Six-Week High On Hopes Of Extended OPEC Output Cuts

In the United States, crude stockpiles are likely to have fallen for a fourth consecutive week last week.

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Oil Slips Towards $60 On US Inventory Rise But Trade Hopes Support

Benchmark Brent crude was down 25 cents at $60.45 a barrel by 0821 GMT, while US West Texas Intermediate (WTI) crude fell 39 cents to $55.87.

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Oil Prices Recover Some Ground, But Economic Concerns Weigh

Brent crude was up 12 cents, or 0.21 per cent, at $58.38 a barrel by 0425 GMT, while U.S. West Texas Intermediate futures gained 20 cents, or 0.37 per cent, at $54.14 at barrel.

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Oil Prices Fall As Market Eyes Trade War, Awaits Stocks Data

"Oil will struggle to make substantial headway topside this week with no progress on trade talks or meetings even, soft data from Asia and a possible cracking of OPEC's resolve to control production," said Jeffrey Halley, senior market analyst at OANDA.

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Oil Gains, Led By US Crude, As Recession Worries Ease

Brent crude futures climbed 42 cents, or 0.7 per cent, to 59.93 a barrel by 0220 GMT. West Texas Intermediate (WTI) crude futures gained 56 cents, or 1 per cent, to USD 55.49 a barrel.

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Oil Rises As Hopes Grow For US-China Trade Breakthrough

Brent crude was up by 26 cents, or 0.4 per cent, at $58.96 a barrel by 0636 GMT, after falling 1 per cent in the previous session, dropping for a third day in a row.

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Oil Falls As Trade War Raises Recession Fears

Brent crude was down 63 cents, or 1.1 per cent, at $ 58.71 a barrel by 0232 GMT, having earlier touched $ 58.24, the lowest since Aug. 15.

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Oil Prices Nudge Higher, Eyes On Speech By Fed Chair

Brent crude rose 29 cents, or 0.5%, to $60.21 a barrel by 0629 GMT, while U.S. crude futures were at $55.53 a barrel, up 18 cents, or 0.3%. Both contracts were on track for a second week of gains.

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Oil Dips Amid Economic Concerns After US Fuel Stocks Build

Brent crude futures dropped 9 cents, or 0.2 per cent, to $ 60.21 a barrel by 0440 GMT on Thursday. West Texas Intermediate (WTI) crude futures were down 2 cents at $ 55.66 per barrel.

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Oil Rises More Than 1% As Recession Fears Recede

Brent crude was up 68 cents, or 1.2%, at $58.91 a barrel at 0650 GMT, after falling 2.1% on Thursday and 3% the previous day.

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