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  • Oil prices steady as supply cuts offset strong dollar, weak economic news

    Brent futures rose 8 cents, or 0.1%, to $83.44 a barrel by 1:51 p.m. EDT (1751 GMT), while U.S. West Texas Intermediate (WTI) crude fell 22 cents, or 0.3%, to $78.83.

  • Oil rises as dollar eases, China seeks to soothe economic woes

    Oil rises as dollar eases, China seeks to soothe economic woes

    Brent crude futures rose 95 cents, or 1.2% to $84.42 a barrel by 12:46 p.m. ET (1646 GMT). U.S. West Texas Intermediate crude (WTI) was up $1.23, or 1.6% at $80.60 a barrel.

  • Oil up 1% as positive US economic data, China reopening boosts demand optimism

    Oil up 1% as positive US economic data, China reopening boosts demand optimism

    Brent futures rose $1.18, or 1.4%, to $87.30 a barrel by 11:42 a.m. EST (1642 GMT), while U.S. West Texas Intermediate (WTI) crude rose $1.12, or 1.4%, to $81.27.

  • Brent crude falls below $100 for first time since late April

    Brent crude falls below $100 for first time since late April

    West Texas Intermediate fell as much as 4.4% with Brent dropping below $100 a barrel.

  • Oil slide continues amid recession fears, WTI crude falls below $100

    Oil slide continues amid recession fears, WTI crude falls below $100

    The West Texas Intermediate crude, plummeted by 8 percent, or $8.67, as it dropped to $99.76 per barrel.

  • OPEC president sees emergency meeting in March

    OPEC president sees emergency meeting in March

    OPEC president Emmanuel Ibe Kachikwu said today that he expects an extraordinary meeting of the oil cartel in "early March" to address nosediving crude prices.

  • Oil slides back lower after spike on Saudi statement

    Oil slides back lower after spike on Saudi statement

    Prices rallied briefly after Saudi Arabia said in a statement the kingdom remained ready to work with other producing and exporting countries to stabilize prices.

  • Oil prices extend gains in Asian trade

    Oil prices extend gains in Asian trade

    Both main crude contracts have rallied since hitting six-year lows in late August, with last week seeing healthy rallies in line with global equities on easing expectations the US Federal Reserve will hike borrowing costs this year, pushing the dollar lower. A softer dollar makes dollar-priced oil cheaper, spurring demand.

  • Oil prices mixed in Asia, US crude near six-year lows

    Oil prices mixed in Asia, US crude near six-year lows

    US benchmark West Texas Intermediate (WTI) for April delivery was down eight cents to USD 43.80 in late morning trade, the lowest since March 2009. Brent crude for May, a new contract, rose 27 cents to USD 54.21.

  • Goldman cuts oil price outlook as it falls to 5.5-year lows

    Goldman cuts oil price outlook as it falls to 5.5-year lows

    The latest heavy falls were sparked by worries over the ongoing global crude supply glut, and came after US investment bank Goldman Sachs cut its price outlook.

  • Oil inventories at 82-yr high; $108/bbl upside cap: Expert

    Oil inventories at 82-yr high; $108/bbl upside cap: Expert

    The stimulus is not translating into demand for crude or we are just producing too much of it in lieu of some unforeseen concern that we might have in the Middle East.

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