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Latest Articles in crude oil

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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Oil Extends Losses On Worry Over Possible Supply Increase From OPEC

OPEC oil output fell in February as a voluntary cut by Saudi Arabia added to reductions agreed to under the previous OPEC+ pact, a Reuters survey found, ending a run of seven consecutive monthly increases.

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Oil Prices Climb After Progress On Huge US Stimulus Bill

Brent crude futures for May rose $1.07, or 1.7%, to $65.49 per barrel by 0042 GMT. The April contract expired on Friday.

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Oil Drops On Dollar Strength And OPEC+ Supply Expectations

Brent crude futures for April, which expired on Friday, fell 75 cents in the session, or 1.1%, to settle at $66.13 a barrel. The more actively traded May contract slipped by $1.69 to $64.42.

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Oil Prices Hit 13-Month Highs On Tighter Supplies, Fed Assurance On Low Rates

Fuel supplies in the world's largest oil consumer could also tighten as its refinery crude inputs had dropped to the lowest since September 2008.

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Oil Rises After Data Shows Slump In U.S. Output Amid Texas Freeze

Brent crude futures rose $1.67, or 2.6%, to settle at $67.04 a barrel. The global benchmark hit a session high of $67.30 a barrel, its loftiest since Jan. 8, 2020.

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Oil Prices Slip On Surprise Build In US Crude Stocks

Brent crude futures slipped by 6 cents, or 0.1%, to $65.31 a barrel at 0748 GMT, but narrowed losses earlier in the session that sent it to as low as $64.80.

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Oil Prices Jump More Than $1 As US Output Slow To Restart

Brent crude was up $1.08, or 1.7%, at $66.32 a barrel by 0437 GMT, after earlier hitting a high of $66.79. U.S. crude rose 92 cents, or 1.5%, to $62.62 a barrel, having reached a session high of $63.

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Gold Off Seven-Month Low As Dollar Weakness Outweighs Firmer Yields

Spot gold rose 0.5% to $1,791.50 per ounce by 0733 GMT, having touched its lowest since July 2 at $1,759.29 on Friday. U.S. gold futures gained 0.6% to $1,787.70.

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Oil Gains As US Production Slowly Returns After Freeze

Brent crude was up 76 cents, or 1.2%, at $61.67 a barrel by 0104 GMT, after gaining nearly 1% last week. U.S. oil rose 74 cents, or 1.3%, to $59.98 a barrel, having fallen 0.4% last week.

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Oil Extends Losses As Texas Prepares To Ramp Up Output After Freeze

Oil prices fell despite a surprise drop in U.S. crude stockpiles last week, before the big freeze hit. Inventories fell 7.3 million barrels to 461.8 million barrels, their lowest since March, the Energy Information Administration reported on Thursday.

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Terming BJP as 'Bhayankar Janloot Party', Congress accuses Centre of 'looting' country by hiking fuel rates

Terming BJP as 'Bhayankar Janloot Party', Congress accuses Centre of 'looting' country by hiking fuel rates

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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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