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Latest Articles in oil prices
Oil Slides As Renewed China COVID Curbs Temper Fuel Demand Outlook
Multiple Chinese cities are adopting fresh COVID-19 curbs, from business halts to lockdowns, to rein in new infections as the highly infectious BA.5.2.1 subvariant appears in the country
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Oil Drops On China COVID Worries
The market was rattled by news that China had discovered its first case of a highly transmissible Omicron subvariant in Shanghai and that new cases had jumped to 63 in the country's largest city from 52 a day earlier
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Oil Settles Up Nearly $4 As Tight Supply Outweighs Recession Fears
Brent crude futures were up USD 3.96, or 3.9 per cent, at USD 104.65 a barrel. U.S. WTI crude futures climbed USD 4.20, or 4.3 per cent, to USD 102.73 a barrel
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Brent Up As Strike In Norway Threatens To Disrupt Oil, Gas Output
U.S. West Texas Intermediate crude climbed USD 2.58, or 2.4 per cent, to USD 111.01 a barrel, from Friday's close. There was no settlement for WTI on Monday because of the July 4 U.S. public holiday.
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Oil Could Hit $380 If Russia Slashes Output Over Price Cap: J.P. Morgan
G7 economic powers agreed last week to explore imposing a ban on transporting Russian oil that has been sold above a certain price, aiming to limit Moscow's ability to fund its invasion of Ukraine, which Moscow describes as a "special operation"
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Oil Prices Reverse Losses, Gain On Tight Supply Concerns
Traders will be watching out for official prices for August from top oil exporter Saudi Arabia for signs of how tight the market is, with refiners bracing for another sharp increase close to the record set in May
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OPEC+ Meets With Little Prospect Of Pumping More Oil
At its last gathering in early June, OPEC+ decided to increase output each month by 648,000 barrels per day (bpd) in July and August, up from a previous plan to add 432,000 bpd per month
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Oil Slides 2% On Rising U.S. Fuel Stocks And Output
Brent futures for August delivery fell USD 1.72, or 1.5 per cent, to settle at USD 116.26 a barrel. The August contract will expire on Thursday and the more-active September contract was down USD 1.35 to USD 112.45
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Oil Prices Volatile Ahead Of G7 Discussions On Russian Exports
Members of the Organization of the Petroleum Exporting Countries (OPEC) and their allies including Russia, known as OPEC+, will likely stick to a plan for accelerated oil output increases in August when they meet on Thursday, sources said
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Oil Rises On Tight Supply Though Interest Rate Hikes Weigh
Brent was on track for its first weekly dip in five weeks, and U.S. crude for its first decline in eight weeks, in line with a fall in equity markets amid fears of a possible recession as central banks joined a chorus of outsized rate hikes
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Indian Crude Oil Basket Hits 10-year High
The Indian basket on June 9 touched USD 121.28, matching levels seen in February/March 2012, according to data available from the oil ministry's Petroleum Planning and Analysis Cell (PPAC)
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Oil Prices Fall As Partial Shanghai Lockdowns Stoke Demand Worries
Shanghai and Beijing went back on a fresh COVID alert on Thursday. Parts of Shanghai imposed new lockdown restrictions and the city announced a round of mass testing for millions of residents
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Oil Jumps To 13-week High On Rising U.S. Gasoline Demand
The move has raised tensions with the United States and other countries negotiating with Iran over its nuclear program, and will likely keep sanctions in place and Iranian oil out of the global market for longer
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Indian Shares Settle Higher On Boost From Reliance, IT Stocks
After struggling for direction for most of the session, the NSE Nifty 50 index settled up 0.64 per cent at 16,628 and the S&P BSE Sensex closed 0.79 per cent higher at 55,818.11
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Oil Prices Fall On Prospect Of OPEC Offsetting Russian Output Loss
Saudi Arabia and other OPEC members could boost oil output to offset a drop in Russian production, two OPEC+ sources said on Thursday
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