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Tag: Brent

Asia shares pare gains; Treasury yields, oil off highs

SINGAPORE: Asian shares lost some of their recent gains on Friday, after lackluster sessions on Wall Street and Europe, while 10-year US Treasury yields...

Oil prices climb on expectation of OPEC-led output cut

SINGAPORE: Oil prices rose around one per cent on Monday as producer cartel OPEC moved closer to an output cut to rein oversupply that...

Oil falls as Iran, Libya output rises hit OPEC deal momentum

LONDON: Oil prices fell nearly one percent on Tuesday on news that Iran and Libya have continued to increase production, overshadowing an OPEC agreement...

Oil prices drop as growing supplies stoke glut concerns

LONDON: Oil prices fell more than 1 percent on Friday as news of rising Iranian exports and returning supplies from Libya and Nigeria following interruptions fueled concerns that the global glut will persist.

Oil prices rise in Asia after steep falls

NEW YORK: Oil prices edged up Friday on bargain-buying and a weaker dollar after another slump fuelled by a surge in US stockpiles and worries about an upcoming meeting to tackle a global supply glut.

Oil prices fall as oversupply still weighs on market

LONDON: Oil prices fell on Monday morning, reversing earlier gains, as increases in OPEC production and U.S. oil rig additions continued to weigh on the market.

Oil prices fall with world markets, stockpiles data eyed

SINGAPORE: Oil prices fell more than one percent in Asia Tuesday, extending a sell-off on speculation about a pick-up in production while world markets are rattled by fears over Britain's possible exit from the European Union.

Oil prices fall back below $50 as economic concerns rise

SINGAPORE: Oil prices fell in early trading on Monday, pulled down by rising economic concerns in Asia and a related strengthening in the U.S. dollar, which makes fuel imports for countries using other currencies more expensive.

Brent crude oil holds above $50 after OPEC meeting

SINGAPORE: Brent oil prices held around $50 a barrel on Friday following an OPEC meeting that failed to agree on output targets, but which was seen as supportive as Saudi Arabia pledged not to flood the market with more fuel.

Oil prices slip from $50 level

NEW YORK: World oil prices dipped Friday, with traders taking profits after crude rose above the psychological $50 level this week on evidence of a fall in supplies.

Oil nears $50 as US inventories fall

SINGAPORE CITY: Oil prices edged towards $50 a barrel in Asia Wednesday after a larger-than-expected dip in US stockpiles resulting from wildfires that have disrupted oil production in Canada.

Oil prices continue dip with stronger dollar

SINGAPORE CITY: Oil extended losses in Asia Tuesday as a stronger US dollar and progress in controlling wildfires in Canada's crude-producing Alberta province dampened prices.

Oil prices fall after Iran says it won’t freeze output

SINGAPORE CITY: Oil prices dipped in Asia Monday after Iran said it has no plans to join any output freeze by other major producers.

Oil prices dip after latest surge

SINGAPORE: Oil prices dipped in Asia Wednesday after the previous day's rally as Canadian oil companies prepare to restart production after being closed by huge wildfires.

Oil prices higher as Canada fire forces more ouput cutbacks

NEW YORK: Crude prices ticked higher Friday as Canadian oil sands producers cut back more output due to the massive Canadian wildfire surround Fort McMurray, Alberta.

Oil prices extend losses as output freeze hopes fade

SINGAPORE: Oil prices tumbled further in Asia Tuesday on dwindling hopes that key producers will reach an agreement to freeze output when they meet this month to discuss a global supply glut.

Oil prices rise on lower US rig numbers

SINGAPORE: Oil prices edged up in Asia on Monday, recovering slightly from last week's decline, but analysts said traders would likely delay any big moves until next month's meeting of key producers.

Oil prices dip as market reacts calmly to Brussels attacks

SINGAPORE: Oil prices eased Wednesday as traders reacted calmly to the Brussels attacks and kept their eye on global oversupply ahead of a crucial producers' meeting in Qatar next month.

Oil prices above $41 as OPEC predicts ‘moderate’ rebound

SINGAPORE: Oil prices resumed their rise in Asia on Tuesday, staying above $41 a barrel, as OPEC raised hopes of a moderate rebound and announced a meeting of key producers in April.

Oil prices fall in Asia but Brent stays above $40

SINGAPORE CITY: Oil prices dipped in Asia Tuesday but Brent crude stayed above $40 a barrel, as traders took profits after solid gains over the past three weeks.
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