oil prices
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Oil steadies, U.S. Fed chief's speech in spotlight
Oil prices steadied after earlier declines on Thursday caused by disappointing economic data from key economies, with investors awaiting a speech by U.S. Federal Reserve Chair Jerome Powell on Friday for clues on interest rate moves.
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Oil edges up on tighter supplies, heating oil prices
Oil prices edged higher on Monday as tighter supply reflected in fewer exports from Saudi Arabia and Russia and high heating oil prices outweighed concerns about global demand growth amid high interest rates.
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Oil dips further as China worries counter supply cuts
Oil prices dipped on Monday as concerns about China's faltering economic recovery and a stronger dollar took the momentum out of seven weeks of gains on tight supply.
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Oil prices could rise further this year, but 2024 demand to slow sharply: IEA
OPEC+ supply cuts could erode oil inventories in the rest of this year, potentially driving prices even higher, before economic headwinds limit global demand growth in 2024, the International Energy Agency (IEA) said on Friday.
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Oil slips as weak China data offsets tightening supply
Oil prices fell by more than 1.5% on Tuesday after data showed China's imports and exports fell much more than expected in July in yet another sign of a sluggish post-COVID rebound for the world's largest oil importer.
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Oil rises 2% as Saudi Arabia and Russia keep supplies tight
Oil prices gained about 2% on Thursday as Saudi Arabia and Russia were taking steps to keep supplies tight into September and possibly beyond.
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Oil dips but on track for fifth week of gains
Oil prices edged lower on Friday, but were on track for a fifth straight week of gains as investors were optimistic that healthy demand and supply cuts will keep prices buoyant.
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Oil prices up 2% to three-month high on tight supply, China stimulus hopes
Oil prices climbed over 2% to a three-month high on Monday on tightening supply, rising U.S. gasoline demand, hopes for Chinese stimulus measures and technical buying.
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Oil edges higher on lower U.S. crude stocks, cautious outlook
Oil prices crept higher on Thursday as a lower-than-expected drop in U.S. crude inventories and a weaker demand outlook kept investors cautious.
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Oil prices fall on profit-taking, still record weekly gain
Oil prices fell more than a dollar a barrel on Friday as the dollar strengthened and oil traders booked profits from a strong rally, with crude benchmarks recording their third-straight weekly gain.
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Oil stuck between supply strains and economic doubt
Oil prices were little changed on Wednesday in a market caught between expectations supply cuts by the world's biggest fuel exporters will drive prices higher and concerns global economic weakness will sap demand.
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Oil edges up on supply cuts, demand hopes
Oil prices edged higher on Tuesday supported by supply cuts by the world's biggest oil exporters and continued hopes for higher demand in the developing world in the second half of 2023.
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Oil dips $1 on interest rate fears, but OPEC+ cuts limit fall
Oil prices eased by $1 a barrel on Monday on the increasing likelihood of more U.S. interest rate hikes, but crude supply cuts from top oil exporters Saudi Arabia and Russia limited the losses.
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Saudi Arabia hikes most August oil prices to Asia after supply cuts
Top oil exporter Saudi Arabia has raised the prices for most its crude oil to Asian customers in August for a second month, after its announcement of prolonging an extra output cut on top of a broader OPEC+ deal.
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Oil rallies on Saudi and Russian supply cuts for August
Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential for further increases to U.S. interest rates.
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Growth risks to restrain oil prices this year
Oil prices will struggle for traction this year as global economic headwinds stymie gains that could be fuelled by a rebound in China and OPEC+ cuts, a Reuters poll showed on Friday.
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Oil climbs on concerns Russia political issues may impact supply
Oil prices rose on Monday after a revolt by Russian mercenaries over the weekend raised concerns about political instability in Russia and the potential impact on oil supply from one of the world's largest producers.
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Oil up on strong China refinery data
Oil prices rose on Thursday after a plunge the previous day, as data showed a jump in refinery runs at the world's top crude importer China, but a weak economic backdrop capped gains.
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Oil prices fall, U.S. Fed rate decision in focus
Oil prices fell on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge its appetite for further rate hikes and amid concerns about the prospects for Chinese demand and rising Russian supply.
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Oil rises as Saudi cut supports and focus turns to Fed
Oil rose on Thursday as tighter supply resulting from Saudi Arabia's pledged production cut and a potential pause to U.S. interest rate hikes offset worries over demand weakness and a global economic slowdown.
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Oil prices edge higher as Saudi cut outweighs bearish backdrop
Oil prices edged higher on Wednesday as Saudi Arabia's surprise weekend pledge to deepen output cuts outweighed weak Chinese export data and rising U.S. fuel stocks.
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Oil prices buoyed by Saudi warning and falling U.S. stockpiles
Oil prices rose on Wednesday, driven up by tightening U.S. inventories and a warning from the Saudi energy minister that raised the prospect of further OPEC+ production cuts.
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Oil prices sink as economic concerns continue to dominate markets
Crude oil started trade this week with a decline, based on Asian trade data from earlier in the day, as traders’ worry about the state of the global economy trumped any expectations of tight supply.
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Saudi Arabia cuts June crude prices for Asia
Saudi Arabia, the world's top oil exporter, has cut the price of its June flagship crude to Asian buyers for the first time in four months, following a plunge in refining margins.
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Oil extends losses ahead of expected interest rate hikes
Oil prices fell 4% on Wednesday, extending steep losses from the previous session, as investors fretted about the health of the U.S. economy ahead of an expected Federal Reserve interest rate hike later in the day.
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Oil slips on weak China demand fears, U.S. rate rise forecast
Oil prices fell in Asian trade on Tuesday, extending losses seen in the previous session, as weak economic data from China and expectations of a U.S. interest rate increase weigh on the market.