oil prices
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Oil gains ground on outlook for global deficit this quarter
Oil edged higher on Monday, buoyed by widespread bets that global demand will continue to run ahead of supply.
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Oil prices climb as markets focus on supply tightness
Oil prices rose by more than $1 a barrel on Wednesday as markets focused on supply tightness heading into winter and a "soft landing" for the U.S. economy.
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Oil prices fall as economic outlook outweighs tight supply
Oil prices fell on Tuesday as a stronger U.S. dollar compounded concerns that demand for fuel will be held back by major central banks holding interest rates higher for longer.
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Oil prices rise, tight supply back in focus
Oil prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand.
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Oil prices rise as tight supply outlook offsets demand woes
Oil prices rose on Monday after flirting with $95 a barrel earlier in the session, as expectations of a supply deficit stemming from extended output cuts by Saudi Arabia and Russia as well as weak shale production outweighed concerns about demand.
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Oil could hit $107: Goldman Sachs
Oil prices could climb well into triple-digit territory by next year if Russia and Saudi Arabia don’t unwind their supply cuts, Goldman Sachs warned its clients.
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Oil rises on U.S. stockpile draw and hurricane jitters
Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world's biggest fuel consumer, and as a hurricane in the Gulf of Mexico kept investors on edge.
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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.