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Oil prices surge after OPEC's surprise output cut deal

29-09-2016| Source:PTI

official data showing a rise in the weekly US commercial crude inventories helped to boost the market.The US Energy Information Administration said yesterday that crude stocks in the world's top oil consumer

All eyes on OPEC's Nov meet; expect floor for crude: Platts  

29-09-2016| Source:CNBC-TV18

Till the final decision on November 30 meeting, one could expect to find a floor for crude oil prices, said Mriganka Jaipuriyar, Associate Editorial Director, Platts.

Oil prices climb on OPEC deal, lack of detail caps gains

29-09-2016| Source:Reuters

Oil futures extended gains on Thursday after rising nearly 6 percent the day before on a surprise move by OPEC to curb crude output.The Organization of the Petroleum Exporting Countries agreed

Asia gains as crude oil surge improves risk appetite

29-09-2016| Source:Reuters

Asian stocks gained on Thursday in tandem with an oil price rally after OPEC members agreed to curb output - boosting investor risk appetite.MSCI's broadest index of Asia-Pacific shares outside Japan

OPEC to cut output by 750,000 barrels per day  

29-09-2016| Source:PTI

The surprise news triggered an immediate spike of more than 5 per cent in crude prices, as markets had expected the Algiers meeting to end without agreement.

OPEC meet in Algeria to be an informal one: Expert  

28-09-2016| Source:CNBC-TV18

Statements made by nations like Saudi Arabia has added more gunpowder to the already clueless crude oil market, which is evident from the rapidly fluctuating oil prices over the last few days.

A decade it took: India shines in WEF global competitive index


In such a fragile environment with sustained high debt levels in emerging markets, that hampers trade and hits the free market, the Global Competitiveness Report for 2016-17 by the World Economic Forum (WEF) has placed India as the 39th spot, a whooping 16 place jump from last year.

Crudeoil to trade in 2884-3112 range: Achiievers Equities


According to Achiievers Equities,Crude oil dropped sharply after both Iran and Saudi Arabia played down expectations for a deal to freeze or cut oil production.

Crude may slip to $40/barrel if Algeria meet a 'no-deal': Expert  

27-09-2016| Source:CNBC-TV18

A no-deal between producers at the Organisation of Petroleum Exporting Countries' (OPEC) ongoing Algeria meet may cause prices to slip to even below USD 40 a barrel, feels Amrita Sen, Chief Oil

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