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Latest Articles in oil

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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Global Markets: Stocks Spooked, Oil Sinks As Bond Markets Scream Recession

The threat to global demand took a heavy toll on oil prices, with Brent crude losing another 44 cents to $59.04 a barrel, after shedding 3% overnight. US crude was last down 33 cents at $54.90.

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Oil Prices Drop On Weak China Economic Data, US Stocks Rise

Brent crude was down 64 cents, or 1 per cent, at $60.66 a barrel at 0446 GMT, after rising 4.7 per cent on Tuesday, the biggest percentage gain since December.

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Oil Prices Slip As Demand Concerns Outweigh Efforts To Curb Supply

International benchmark Brent crude futures were down 18 cents or 0.3%, from the previous settlement, to $58.39 a barrel by 0310 GMT.

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Reliance To Roll Out Fibre Broadband, Unveils Oil Stake Sale To Aramco

The big tech push comes as the group bolsters its consumer-focused retail and telecoms units to match the strength of its key oil-and-gas business. Its startup Jio has upended the telco sector by providing cheap data connectivity and becoming India's top mobile operator by subscribers in just three years.

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Oil Slips As Demand Outlook, Trade Dispute Weigh

International benchmark Brent crude futures were at $58.35 a barrel by 0249 GMT, down 18 cents, or 0.3%, from their previous settlement.

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IEA Warns Oil Demand Growth So Far In 2019 Lowest Since 2008

"The situation is becoming even more uncertain ... global oil demand growth has been very sluggish in the first half of 2019," the IEA said in its monthly report.

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Oil Jumps On Expectations Producers May Cut Supply After 4% Slump

Brent crude had rebounded to $ 57.75 a barrel, up to $1.52, or 2.7%, from its last close by 0401 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped $ 1.51, or 2.96%, to $ 52.60 a barrel.

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Oil Sets New Seven-Month Low On Trade Tensions

Brent crude futures were down 70 cents, or 1.2 per cent, at $ 58.26 a barrel by 1205 GMT, setting a fresh seven-month low. Prices have lost more than 20 per cent since hitting their 2019 peak in April.

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Oil Slips 1 Per Cent After Fed Disappoints, U.S. Crude Output Rises

Brent crude futures, the international benchmark, fell 62 cents, or 1 per cent, to $64.43 a barrel by 0405 GMT, having fallen more than $ 1 earlier in the session. U.S. West Texas Intermediate (WTI) crude was down 67 cents, or 1.2 per cent, at $ 57.91 a barrel, also having dropped more than a $1 earlier.

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Saudi's Falih Calls On Buyers To Secure Oil Shipments In Hormuz

"We, of course, call on the international community and have discussions with my counterpart Minister Pradhan today that India also needs to do its part of securing free navigation of sea links transporting energy to the rest of the world," al-Falih told Reuters after meeting with India's Petroleum Minister Dharmendra Pradhan.

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Government Clears ONGC's Extra 11% Stake Buy In Russia's Vankor Fields

The cabinet has approved ONGC Videsh's purchase of an additional 11 per cent stake in Russia's Vankor oil fields from Rosneft for $930 million, raising the Indian firm's stake in the project to 26 per cent

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PM Narendra Modi Arrives In Iran; Chabahar Port, Energy Ties Top On Agenda

Looking to strengthen trade, investment and energy ties with Iran, Prime Minister Narendra Modi on Sunday arrived in Tehran on a two-day visit, during which a crucial agreement is expected to be signed on developing the strategic Chabahar port.

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