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Latest Articles in brent crude oil

Oil Drops As Investors Gauge Big Chill Impact On U.S. Refineries, OPEC+ Output Rise

Brent crude futures dropped 87 cents, or 1.4%, to $63.06 a barrel, by 0744 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 82 cents, or 1.4%, to $59.70 a barrel.

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Brent Gives Up Gains After Rising Above $65 On Texas Freeze

U.S. crude oil stocks fell by 5.8 million barrels in the week to Feb. 12 to about 468 million barrels, compared with analysts' expectations for a draw of 2.4 million barrels

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Oil Extends Rally On Texas Supply Disruptions

Oil prices have run up strongly in recent months and output disruptions caused by the storm in Texas, the country's largest oil producing state, continued to keep prices supported

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Oil Drops After Strong Rally, Demand Hopes Limit Losses

Brent has risen for the previous nine sessions, its longest sustained period of gains since January 2019. On Wednesday, was the eighth daily rise for U.S. crude.

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Oil Climbs To 13-Month Highs On Output Cuts, Demand Recovery Hopes

Brent crude futures for April gained 50 cents, or 0.8%, to $61.06 a barrel by 0721 GMT. U.S. West Texas Intermediate crude (WTI) for March was at $58.37 a barrel, up 40 cents, or 0.7%.

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Brent Strikes $60 Per Barrel As Supply Cuts, Stimulus Hopes Boost Prices

Brent crude for April touched an intraday high of $60.06 a barrel, the highest since January last year. The front-month contract was at $59.90 by 0728 GMT, up 56 cents, or 0.9%.

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Oil Gains On Continued OPEC+ Cuts And US Stocks Draw

Brent crude futures gained 25 cents, or 0.43%, to $58.71 a barrel by 1025 GMT, having earlier hit their highest since Feb. 21 last year.

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Oil Set For Slow Recovery As Vaccines Rolled Out

The survey of 50 participants forecast Brent crude would average $54.47 per barrel this year, a jump from last month's $50.67 forecast. Brent has averaged around $54 so far in January.

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Oil Falls On China's COVID-19 Cases, High Crude Build

Recovering fuel demand in China underpinned market gains late last year while the United States and Europe lagged, but that source of support is fading as a fresh wave of COVID-19 cases has sparked new restrictions.

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Oil Drops As New COVID Cases In China Trigger Clampdowns

Brent crude futures fell 45 cents, or 0.8%, to $55.65 a barrel, erasing a 2 cent gain on Thursday.

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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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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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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 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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