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Latest Articles in crude oil

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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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 Up Above $56 On Lower US Stockpiles, Drop In New Chinese COVID-19 Cases

Brent crude climbed 51 cents, or 0.9%, to $56.42 a barrel at 0920 GMT. U.S. West Texas Intermediate (WTI) crude rose 41 cents, or 0.8%, to $53.02.

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Oil Prices Edge Up, But Impact Of Lockdowns Restrain Gains

Brent crude futures for March rose 32 cents, or 0.6%, to $55.73 a barrel by 0729 GMT, while U.S. West Texas Intermediate crude for March was at $52.62 a barrel, up 35 cents, or 0.7%.

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Oil Prices Fall For Second Session As COVID-19 Lockdown Concerns Cast Pall Over Demand Prospects

Brent crude futures for March fell 15 cents, or 0.3%, to $55.26 a barrel by 0158 GMT, while U.S. West Texas Intermediate crude for March was at $52.19 a barrel, down 8 cents, or 0.2%.

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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 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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