Oil

Oil edges up from two-week lows as investors await US inventory data

Oil prices edged higher on Thursday from two-week lows, with investors eyeing developments in the Middle East and more details on China's stimulus plans, as well as awaiting the release…

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Oil steadies after sharp fall, Middle East uncertainty persists

Oil prices inched higher in early trade on Wednesday on uncertainty over what may happen next in the Middle East conflict, after demand concerns knocked the market to its lowest…

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Oil falls 3% as concerns ease on potential Iran supply disruption

Oil prices slid 3% in early Asian trade on Tuesday after a media report said Israel is willing not to strike Iranian oil targets, which eased fears of a supply…

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Oil prices fall by more than $1 on deflation worries in China

Oil prices fell by more than $1 a barrel, losing over 1.5% in early trading on Monday, after disappointing Chinese inflation data and a lack of clarity on Beijing's economic…

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Oil prices steady after sliding on potential Israel-Hezbollah ceasefire

Oil prices steadied in Asian trading on Wednesday as traders weighed developments in the Middle East conflict against continued bearish expectations for demand. Brent crude futures rose 22 cents, or…

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Oil edges lower after rallying to highest in over a month on Middle East war risk

Oil prices edged lower in early Asian trading hours on Tuesday as traders booked profits after prices rallied to their highest in over a month on Monday amid fears that…

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Oil pares gains after strongest weekly rise in over a year

Oil prices pared gains in early trade on Monday after charting their biggest weekly rise in over a year on Friday amid mounting threats of a region-wide war in the…

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Oil edges up on Middle East conflict but supply outlook limits gains

Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential disruption in…

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Oil rises on prospects of wider Middle East war, firmer global supply caps gains

Oil prices rose on Thursday as the prospect of a widening Middle East conflict that could disrupt crude oil flows from the key exporting region overshadowed a stronger global supply…

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Oil prices rise on escalating attacks in the Middle East

Oil prices rose on Wednesday on fears conflict in the Middle East could turn into a wider war and disrupt oil supply from the key producing region after Iran fired…

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Oil little changed as demand worries offset Mideast fears

Oil prices were little changed on Tuesday as stronger supply prospects and tepid global demand growth outweighed worries that escalating tensions in the Middle East could impact output from the…

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Oil prices rise on Middle East conflict fears as Israel steps up attacks

Oil prices extended gains on Monday, buoyed by escalating concerns over potential supply pressures from Middle East producers following Israel's increased attacks on Iranian-backed forces in the region. Brent crude…

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Oil prices fall as expectations of higher supplies hammer market sentiment

Oil prices fell for a third day on Friday, on course to end the week lower, as investors focused on expectations of higher supplies from Libya and the broader OPEC+…

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Oil prices little changed as US stockpile drop offsets global demand woes

Oil prices were little changed on Thursday after falling in the previous session as signs of higher fuel demand and falling stockpiles in the U.S., the world's biggest oil user,…

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Oil prices steady as China stimulus hopes fade, U.S. crude stockpiles fall

Oil prices steadied on Wednesday after rising in the previous session on fading excitement for the economic stimulus in China, the world's biggest crude importer, though an industry report showing…

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Oil prices rise on fresh China stimulus, Middle East tensions

Oil prices rose on Tuesday on news of fresh monetary stimulus from top importer China, and concerns escalating tensions in the Middle East could hit supply from the key producing…

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Oil prices rise slightly amid Middle East conflict and U.S. rate cuts

Oil prices gained slightly during early trade on Monday, boosted by concerns conflict in the Middle East may impact supply in the key producing region and expectations the U.S. interest…

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Oil prices set to end week higher after US rate cut

Oil prices, which were little changed in early Asian trade on Friday, were on track to end higher for a second straight week following a large cut in U.S. interest…

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Oil prices fall

Oil prices fell in Asian trading on Thursday after a larger-than-expected Federal Reserve interest rate cut sparked concerns about the U.S. economy. Brent crude futures for November fell 34 cents,…

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Oil prices steady

Oil prices steadied on Wednesday, after rising in the previous two sessions, as investors await the U.S. Federal Reserve's anticipated interest rate cut, with the potential for more violence in…

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Oil extends gains on US output concerns, expected drop in stockpiles

Oil prices extended gains on Tuesday as the market eyed U.S. output concerns in the aftermath of Hurricane Francine and expectations of lower U.S. crude stockpiles. Brent crude futures for…

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Oil prices inch up on Fed rate cut outlook

Oil prices edged up in early trade on Monday amid expectations of a U.S. interest rate cut this week, though gains were capped by weaker China data and persistent demand…

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Oil extends recovery to cap volatile week

Oil prices rose on Friday, extending a rally sparked by output disruptions in the U.S. Gulf of Mexico, where Hurricane Francine forced producers to evacuate platforms before it hit the…

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Oil prices gain on US hurricane impact concerns

Oil prices rose during Asian trade on Thursday, spurred by concerns of Hurricane Francine impacting output in the U.S., the world's biggest crude producer, though worries of lower demand capped…

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Oil prices rebound on fears of supply disruption from tropical storm

Crude prices bounced on Wednesday as concerns about Tropical Storm Francine disrupting supply of oil outweighed worries about demand. Brent crude futures climbed 39 cents, or 0.6%, to $69.58 a…

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Oil prices dip as weak demand offsets supply disruptions from Gulf storm

Oil prices edged down on Tuesday as weak Chinese demand offset supply disruptions from Tropical Storm Francine and as global oil oversupply risks continued to weigh on the market. Brent…

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Oil prices jump $1 on Gulf Coast storm, post selloff recovery

Oil futures jumped by a dollar in early trading on Monday as a potential hurricane system approached the U.S. Gulf Coast, and as markets recovered from a selloff following weaker-than-expected…

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Libya oil exports still mostly shut, some ships loading from storage

Libyan oil exports remained largely halted, shipping data showed, but some tankers were being allowed to load crude from storage, with output still curtailed amid a political standoff over the…

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Oil steadies on U.S. crude stock drawdown, OPEC+ output hikes delay

Oil prices edged up in early trading on Friday as investors weighed a big withdrawal from U.S. crude inventories and a delay to production hikes by OPEC+ producers against mixed…

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Oil prices edge up as OPEC+ may delay supply hike, US stockpiles fall

Oil prices edged up after plunging to multi-month lows previously as major producers may delay an output increase planned for next month and U.S. inventories fell, though the gains were…

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Oil extends drop on easing Libyan dispute, demand concerns

Oil prices fell on Wednesday, extending a plunge of more than 4% the previous day, on expectations that a political dispute halting Libyan exports could be resolved and concerns over…

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Oil prices fall as weak demand overshadows Libya blockade

Brent oil prices slid in Asian trade on Tuesday as concern about a sluggish economy in China bringing down demand outweighed the impact of a blockade of oil production facilities…

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Around 700,000 bpd of Libya oil output offline in political standoff

More than half of Libya's oil production, or around 700,000 barrels per day, was offline on Thursday, as a standoff between rival political factions over the central bank and oil…

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What’s behind Libya’s oil shutdown?

Libya's latest oil shutdown has pushed up global energy prices. This explains the situation. HOW DID WE GET HERE? Since the 2011 NATO-backed uprising that toppled Muammar Gaddafi and thrust…

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Libya’s oil blockade widens as factions vie to control central bank

Libya's oil blockade widened with eastern leaders demanding western authorities back down over the replacement of the central bank governor, a key position in a state where control over oil…

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Oil edges up as Libyan supply woes offset lower-than-expected U.S. stock draw

Oil prices edged up on Thursday after two sessions of losses, as supply concerns over Libya returned to focus, although countered by a smaller-than-expected draw in U.S. crude inventories that…

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Oil rebounds as geopolitics, demand concerns whipsaw investors

Oil rebounded on Wednesday after a sharp drop in the previous session ended a three-day streak of gains as investors have whipsawed between concerns about potential supply losses from Libya…

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Oil prices pause after surging on Libyan outages, Middle East tensions

Oil prices paused their recent advances, receding in Asian trading on Tuesday after surging more than 7% in the previous three sessions on supply concerns prompted by fears of a…

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Libya’s eastern-based government to close all oilfields

The Libyan eastern-based government said on Monday that all oilfields are closing down, halting production and exports, but the country's Tripoli-based National Oil Corp, which controls oil resources, has not…

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Oil climbs on Mideast escalation fears, US rate cut expectations

Oil prices extended gains on Monday on fears a major spillover in fighting from the Gaza conflict into the Middle East could disrupt regional oil supplies, while imminent U.S. interest…

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Oil set to end week lower on demand concerns, easing supply woes

Oil prices were steady in early Asian trading on Friday, but were poised to end the week lower as downward revisions to U.S. employment data raised demand concerns and ceasefire…

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Oil slips on higher US crude stocks, easing Middle East tensions

Oil prices slipped on Wednesday on estimates showing swelling U.S. crude inventories and expectations that tensions in the Middle East were easing following a tour of the region by mediators.…

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Oil ticks down on easing geopolitical risks

Oil prices edged lower on Tuesday as Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, helping ease worries about supply disruptions in the Middle East.…

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Oil prices ease on China demand fears, focus on Mideast talks

Oil prices eased in early Asian trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focus on the progress of…

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Oil prices set for weekly gains on renewed enthusiasm around US economy

Oil prices edged lower in early Asian trading on Friday, but the market's benchmarks were set for a second consecutive weekly gain after upbeat U.S. economic data eased investor worries…

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Ship-to-ship loadings of Russian diesel pick up in northern Aegean

Traders are moving Russian diesel cargoes to a new ship-to-ship (STS) loadings site in the northern Aegean Sea, as Western sanctions hit vessels carrying fuel loaded in Russian ports, LSEG…

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Oil strengthens as fall estimated in US crude inventories

Oil prices climbed on Wednesday on estimates about shrinking U.S. crude and gasoline inventories as the market watched for a possible widening of the Middle Eastern war, which could curtail…

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Oil retreats as markets refocus on demand concerns

Oil prices edged lower on Tuesday, breaking a five-day streak of gains, as markets refocused on concerns about demand after OPEC on Monday cut its forecast for demand growth in…

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Oil set for 3% weekly gain on rising Mideast tension, better US outlook

Oil prices edged up in Asian trade on Friday, heading for a weekly gain of more than 3%, as U.S. jobs data calmed demand concerns and fears of a widening…

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Oil prices tick up on sharp fall in US crude inventories

Oil prices edged higher on Thursday for the third straight session after government data showed a steep draw in U.S. crude stockpiles, rebounding from multi-month lows touched this week. Brent…

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Oil edges lower on surprise build in US crude and gasoline stocks

Oil prices slipped in early Asian trading on Wednesday following a brief rebound in the previous session after industry data showed an unexpected build in U.S. crude oil and gasoline…

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Oil prices rebound 1% on concerns wider Mideast conflict may cut supply

Oil prices rebounded by more than 1% on Tuesday, paring previous session's losses, on supply concerns amid an escalating Middle East conflict, stronger U.S. services sector data and a cut…

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Oil hovers at 8-month lows as U.S. recession fears offset Mideast tensions

Oil prices hovered at eight-month lows on Monday as fears of a recession in the United States, the world's top oil consumer, offset concerns that escalating tensions in the Middle…

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Oil prices set for fourth weekly fall as demand concerns weigh

Oil prices rose on Friday but were set for a fourth successive weekly decline, as signs of disappointing global fuel demand growth outweighed fears of supply disruptions. Brent crude futures…

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Oil rises on risk of broadening Middle East conflict

Oil prices rose during Asian trade on Thursday, extending gains from the previous session, after the killing of a Hamas leader in Iran raised the threat of a wider Middle…

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Oil rebounds after killing of Hamas leader in Iran, but China caps gains

Oil futures rebounded more than $1 a barrel from 7-week lows on Wednesday after the killing of Hamas leader Ismail Haniyeh in Iran ratcheted up tensions in the Middle East,…

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Oil slips on China demand concerns, fading Middle East worries

Oil prices fell on Tuesday, extending losses from the previous session, amid concerns about demand in China, the world's largest crude importer, while the market shrugged off the risk of…

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