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Oil prices ease on rising supplies

(dpa-AFX) - Oil prices fell slightly on Friday as investors weighed rising supplies from major producers and the impact of Covid-19 lockdowns on fuel...
File photo taken on March 12, 2019 shows operating oil pumps in Luling of Texas, the United States. U.S. oil prices turned negative on April 20, 2020. West Texas Intermediate crude for May delivery shed more than 300 percent to settle at -37.63 U.S. dollars per barrel on the New York Mercantile Exchange. (Xinhua/Wang Ying)

Oil prices rebound as Suez Canal ship runs aground

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dpa-AFX/GNA - Oil prices rose about 2 per cent on Wednesday as investors sought bargains after the previous session's slump. The upside comes after...
File photo taken on March 12, 2019 shows operating oil pumps in Luling of Texas, the United States. U.S. oil prices turned negative on April 20, 2020. West Texas Intermediate crude for May delivery shed more than 300 percent to settle at -37.63 U.S. dollars per barrel on the New York Mercantile Exchange. (Xinhua/Wang Ying)

Oil prices slip amid demand concerns, weak U.S. data

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Oil prices sank on Thursday as market sentiment was dented by weaker-than-expected U.S. economic data and lingering demand worries. The West Texas...
File photo taken on March 12, 2019 shows operating oil pumps in Luling of Texas, the United States. U.S. oil prices turned negative on April 20, 2020. West Texas Intermediate crude for May delivery shed more than 300 percent to settle at -37.63 U.S. dollars per barrel on the New York Mercantile Exchange. (Xinhua/Wang Ying)

Oil prices settle mixed amid U.S. inventories data, demand concerns

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Oil prices settled mixed on Wednesday as investors digested U.S. stockpiles data amid lingering concerns over crude demand. The West Texas Intermediate...
File photo taken on March 12, 2019 shows operating oil pumps in Luling of Texas, the United States. U.S. oil prices turned negative on April 20, 2020. West Texas Intermediate crude for May delivery shed more than 300 percent to settle at -37.63 U.S. dollars per barrel on the New York Mercantile Exchange. (Xinhua/Wang Ying)

Oil prices climb amid demand hopes

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Oil prices gained on Tuesday as market sentiment was lifted after the European Union reached a deal on a massive coronavirus aid package. ...
A sign displays gas prices at a gas station in the Brooklyn borough of New York, the United States, on April 20, 2020. U.S. oil prices crashed to the negative territory for the first time in history on Monday, fueled by pandemic-related demand shock and oversupply fears. The West Texas Intermediate (WTI) for May delivery shed 55.9 U.S. dollars, or over 305 percent, to settle at -37.63 dollars a barrel on the New York Mercantile Exchange, implying that producers would pay buyers to take oil off their hands. (Photo by Michael Nagle/ Xinhua)

Oil prices rise slightly in volatile trading

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Oil prices finished Monday's volatile session with modest gains as investors continued to weigh the impact of the coronavirus pandemic. The West...
petroleum revenue

Oil prices drop slightly as demand worries persist

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Oil prices fell modestly on Tuesday as soaring COVID-19 cases continued to stoke fears over weaker demand for the crude. The West...
OPEC

Oil prices climb ahead of OPEC+ meeting

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Oil prices gained on Tuesday as market participants bet on extending output cuts by major oil producers. The West Texas Intermediate for...
A sign displays gas prices at a gas station in the Brooklyn borough of New York, the United States, on April 20, 2020. U.S. oil prices crashed to the negative territory for the first time in history on Monday, fueled by pandemic-related demand shock and oversupply fears. The West Texas Intermediate (WTI) for May delivery shed 55.9 U.S. dollars, or over 305 percent, to settle at -37.63 dollars a barrel on the New York Mercantile Exchange, implying that producers would pay buyers to take oil off their hands. (Photo by Michael Nagle/ Xinhua)

Oil prices gain amid output cuts

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Oil prices rose on Monday as market sentiment was boosted by output cuts from major oil producers. The West Texas Intermediate for...
Oil

Oil prices slump amid mounting storage fears

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Oil prices suffered heavy losses on Monday amid fears over a growing scarcity of oil storage space as the COVID-19 pandemic wreaked havoc on...
barrick gold

Gold up as crude falls

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Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday as gold gained some ground amid tumble of crude...
petroleum revenue

Oil prices jump amid hopes for output cuts

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Oil prices extended gains on Friday amid growing expectations that major producers would coordinate efforts to cut production. The West Texas Intermediate...
oil

Oil prices fall amid coronavirus-related demand fears

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Oil prices extended losses on Friday in heightened fears over weaker crude demand amid the COVID-19 crisis. The West Texas Intermediate for...
Photo taken on March 19, 2020 shows U.S. dollar banknotes in Washington D.C., the United States. The Trump administration's plan to send Americans relief money as part of a massive stimulus package in response to COVID-19 could be 1,000 U.S. dollars per person, and 500 dollars per child, Treasury Secretary Steven Mnuchin said Thursday. (Xinhua/Liu Jie)

Oil prices rise amid stimulus optimism

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Oil prices extended gains on Wednesday as investors are hopeful the United States would approve a massive economic aid package amid the coronavirus fallout. ...
Oil

Oil prices settle mixed after Fed rate cut

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Oil prices settled mixed on Tuesday after the U.S. central bank's interest-rate cut. The West Texas Intermediate for April delivery settled 0.43...
OPEC logo is pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. REUTERS/Ramzi Boudina/File Photo

WTI crude futures surge on hope of OPEC’s production cuts

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U.S. oil prices shot up 4.45 percent Monday, on hope of deeper production cuts by the Organization of the Petroleum Exporting Countries and its...
crude oil

WTI crude futures surge 4.45 percent

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U.S. oil prices shot up 4.45 percent Monday on hopes of deeper production cuts by the Organization of the Petroleum Exporting Countries and partnering...
OPEC logo is pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. REUTERS/Ramzi Boudina/File Photo

Weekly oil prices slump amid growing concerns over demand destruction

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Oil prices plunged for the week ending Feb. 28 with the prices of West Texas Intermediate (WTI) for April delivery down 16.15 percent and...
petroleum revenue

Oil prices tumble amid demand fears

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Oil prices extended losses on Thursday as fears of weaker demand continued to rattle the market. The West Texas Intermediate (WTI) for...
Oil

Oil prices fall as demand worries persist

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Oil prices declined on Wednesday, as worries of weaker crude demand continued to weigh on the market. The West Texas Intermediate for...
Oil

Oil prices slip amid concerns over weaker demand

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Oil prices extended losses on Tuesday, as concerns over weaker crude demand persist, weighing on the market. The West Texas Intermediate for...
Oil

WTI crude futures settle 3 percent lower

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U.S. oil prices fell sharply on Tuesday. The West Texas Intermediate for April delivery shed 1.53 dollars, or 3 percent, to close...
petroleum revenue

Weekly oil prices extend gains amid supply risks, China’s incentive measures

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Oil prices extended gains for the week ending Feb. 21 with the prices of West Texas Intermediate (WTI) for April delivery up 2.03 percent...
oil-gas refinery

Oil prices rise on hopes for deeper output cuts

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Oil prices settled higher on Wednesday as investors' concerns for oversupply eased. The West Texas Intermediate for March delivery increased 1.24 U.S....
oil-gas refinery

Oil prices rise on alleviated oversupply concerns

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Oil prices rose on Wednesday, as concerns about global crude oversupply further eased. The West Texas Intermediate (WTI) for March delivery settled...
oil-gas refinery

EIA revises down forecast for oil prices in 2020

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The U.S. Energy Information Administration (EIA) on Tuesday forecast Brent crude oil spot prices would average 61 U.S. dollars per barrel in 2020, compared...
petroleum revenue

Oil prices rise on eased virus concerns

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Oil prices rose on Tuesday, as the number of newly confirmed novel coronavirus cases started to drop in China and eased concerns about the...
petroleum revenue

Oil prices drop on demand concerns

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Oil prices dropped on Monday over concerns that the coronavirus outbreak could potentially weigh on crude demand. The West Texas Intermediate (WTI)...
petroleum revenue

Oil prices settle mixed as traders await OPEC+ decision

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Oil prices settled mixed on Thursday as market participants awaited a key decision from the world's major producers on whether they would deepen output...
petroleum revenue

Oil prices rise amid easing demand concerns

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Oil prices jumped more than 2 percent on Wednesday as investors' concerns for sluggish crude demand eased. The West Texas Intermediate (WTI)...