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Latest Articles in crude oil

First Guyanese Crude Cargo To India On Its Way To Mundra Port: Data

India has asked refiners to speed up the diversification of imports to cut their dependence on Middle Eastern crudes after OPEC+ decided this month to extend production cuts through April

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Crude Oil Futures Decline On Low Demand

Crude oil for March delivery eased by Rs 97, or 2.19 per cent, to Rs 4,337 per barrel with a business volume of 2,026 lots.

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Oil Slips, Retreats From Gains Notched On Strong Chinese Data

Brent crude futures for May settled at $68.88 a barrel, losing 34 cents. U.S. West Texas Intermediate crude for April settled at $65.39 a barrel, shedding 22 cents.

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Brent crude heads toward $70 as China energy demand outlook brightens

China's industrial output growth quickened in January-February, beating expectations, while its daily refinery throughput data rose 15% from the same period a year ago

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Oil Prices Edge Up Ahead Of US Inventories Data

Prices gained support last week from the OPEC+ decision to largely maintain production cuts in April. They then initially jumped on Monday, with Brent rising above $70 a barrel, after attacks by Yemeni Houthis on Saudi's oil heartland.

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India Asks Refiners To Diversify, Cut Reliance On Middle East Oil After OPEC+ Decision

India had not cancelled any shipment of crude oil from the Middle East in 2020 when oil demand collapsed due to COVID-19

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Oil Rises To $69 As Focus Returns To Tighter Market

Brent crude was up 78 cents, or 1.1%, at $69.02 by 1014 GMT, after trading as low as $67.61. U.S. West Texas Intermediate (WTI) crude added 41 cents to $65.46.

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Oil Prices Rise On Expected Economic Recovery, Likely Drawdown In Oil Stocks

Brent crude futures for May rose by 32 cents, or 0.5%, to $68.56 a barrel by 0125 GMT, while U.S. West Texas Intermediate (WTI) crude for April rose 19 cents, or 0.3%, to $65.24.

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Oil Slips After Hitting Pandemic High Above $70 After Saudi Attack

Benchmark Brent climbed as high as $71.38 a barrel in early Asian trade, its highest since Jan. 8, 2020. By 1019 GMT, it was trading down 30 cents or 0.4% at $69.06.

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Brent Jumps Past $70 For First Time Since Pandemic Began After Saudi Facilities Attacked

Brent crude futures for May hit $71.38 a barrel in early Asian trade, the highest since Jan. 8, 2020, and were at $71.11 a barrel by 0255 GMT, up $1.75, or 2.5%.

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Oil Surges After OPEC+ Holds Cuts, Strong US Jobs Growth

Brent futures rose $2.62, or 3.9%, to settle at $69.36 a barrel. The session high for the global benchmark was its highest since January 2020.

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Oil Extends Gains On OPEC+ Supply Restraint

Investors were surprised that Saudi Arabia had decided to maintain its voluntary cut of 1 million barrels per day through April even after oil prices rallied over the past two months.

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Oil Gains As US Fuel Stocks Drop, OPEC+ Considers Deal Rollover

Brent crude rose $1.37, or 2.2%, to settle at $64.07 a barrel. U.S. West Texas Intermediate (WTI) crude rose $1.53, or 2.6%, to settle at $61.28 a barrel.

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OPEC+ Considers Oil Output Roll Over For April, Sources Say

OPEC expects global oil demand in 2021 to grow by 5.8 million bpd to about 96 million bpd. That compares with about 100 million bpd in 2019, before demand plummeted in 2020 due to the pandemic.

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Oil Falls To Two-Week Lows As OPEC+ Seen Easing Supply Curbs

Brent futures fell 99 cents, or 1.6%, to settle at $62.70 a barrel, their lowest close since Feb. 12. The global benchmark has fallen about 7% from a 13-month peak hit last week.

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