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Latest Articles in crude oil

Oil Retreats Further As Demand Fears Set In

Brent crude was down 34 cents, or 0.6% at $60.80 a barrel by 1051 GMT, having dropped 0.5% in the previous session. U.S. oil was down 39 cents, or 0.7% at $57.85 after falling 0.8% on Thursday.

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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 Price Rally Falters Despite Unexpected Drop In US Inventories

Crude inventories in the United States fell by 3.5 million barrels in the week to Feb. 5 to about 474.1 million barrels, data from the American Petroleum Institute (API) showed on Tuesday.

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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 Climbs To Highest In A Year On US Growth Optimism, Crude Supply Restraint

Brent crude futures climbed 28 cents, or 0.5%, to $59.12 a barrel by 0730 GMT, after hitting a high of $59.41, its highest since Feb. 20 last year. Brent is on track to rise 6% this week.

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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 Hits 11-Month High After Fall In US Crude Stocks

Brent crude futures were up 48 cents, or 0.8%, to $57.94 a barrel at 0839 GMT, their highest since late February 2020.

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Oil Prices Rise As Producers Commit To Output Restraint

OPEC crude production increased for a seventh month in January, a Reuters survey found, after the group and its allies agreed to ease supply curbs further, but the growth was smaller than expected.

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India Cuts Basic Import Duty On Edible Oils

The government has proposed 17.5% cess on CPO and 20% cess on crude soybean and sunflower oil

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Oil Treads Warily Higher Amid Patchy Vaccine Rollouts, New Coronavirus Variants

Brent crude futures were up 10 cents at $55.14 a barrel by 0233 GMT, while U.S. West Texas Intermediate (WTI) gained 1 cents to $52.21. Both benchmarks gained nearly 8% in January.

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Exxon, Chevron CEOs Discussed Merger In Early 2020

Exxon and Chevron's shares nosedived last year after a Saudi-Russian price war and fallout from the novel coronavirus outbreak caused the value of oil to crater.

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Rosneft Seeks To Tempt Trading Houses Into Arctic Oil Project

Rosneft has estimated its resources at 44 billion barrels, enough to supply the world for over a year, and said it could produce 1% of global oil later this decade at a price competitive with the cheap barrels of Middle Eastern producers.

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Output of eight core industries shrinks by 1.3 pc in Dec 2020

Output of eight core industries shrinks by 1.3 pc in Dec 2020

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India's December Infrastructure Output Down 1.3% Y/Y

Infrastructure output, which comprises eight sectors including coal, crude oil and electricity and accounts for nearly 40% of industrial output, fell by 10.1% in the 10 months through December from a year earlier

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