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KUWAIT-ECONOMY-IRAN-STOCK

Brent Oil price down to $28 as Iran increases output amid global glut

Brent oil drops to $28 per barrel as Iran increases production and exports after international sanctions against the country were lifted.

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Texas Oil Companies Work To Adapt To Falling Oil Prices

Brent Crude plunges below $30, Lowest Since 2004

Brent oil prices fell on Wednesday, dropping below $30 a barrel to touch $29.96 for the first time since April 2, 2004.

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Frankfurt stock exchange

Euro zone bond yields sink to historic lows

Euro zone government borrowing costs slid to new lows on Thursday, a day after the European Central Bank pledged to fulfill its 1 trillion euro bond-buying program, although regional stocks took a step back from this week's multi-year peaks.

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Gas station

Oil down as Iran races for Tuesday deadline on nuclear deal

Oil settled down for a second straight session on Monday as Iran and six world powers tried to negotiate a deal on Tehran's nuclear program that could end Western sanctions and allow the OPEC member to ship more crude into an already flooded market.

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Oil refinery

Oil dives 5 percent as worries about Iran talks trump Yemen

Oil tumbled 5 percent on Friday, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market.

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Oil refinery

Oil up 3 percent on weak dollar, speculative buying, Yemen

Oil settled up about 3 percent on Wednesday as a weak dollar, fighting in Yemen and speculative buying boosted crude prices in spite of U.S. inventories building to record highs for an 11th week.

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Gas station

Oil rallies for third day after OPEC sees greater crude demand

Oil jumped for a third straight session on Monday as OPEC forecast greater demand for crude this year than previously thought and projected less supply from countries outside the producer group.

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Gas station

Oil crashes after four-day rally; U.S. inventory renews glut worry

Oil prices crashed on Wednesday, with U.S. crude losing 9 percent in one of its biggest daily routs ever, as record high oil inventories in the United States cut short a four-day rally.

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Tokyo

Oil prices extend slide in commodities sell-off

Oil prices fell more than 1 percent on Wednesday after touching their lowest in nearly six years the previous session, extending losses alongside a sell-off in other commodities.

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Gas station

Brent drops towards five-year low near $57, supply glut weighs

Brent oil extended losses into a fourth session on Tuesday, with prices hovering close to a more than five-year low above $57 per barrel, as persistent worries about a global supply glut offset concerns about output disruptions in Libyan.

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Crude Oil

Investors take cover amid Russia crisis, oil slide

An uneasy calm settled on Asian markets on Wednesday as a brewing financial crisis in Russia and the rout in oil prices sent investors scurrying for the cover of top-rated bonds.

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OPEC meeting

Saudis block OPEC output cut, sending oil price plunging

Saudi Arabia blocked calls on Thursday from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to a fresh four-year low.

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Shanghai Stock Exchange

Asian shares rebound after Fed renews dovish credentials

Asian shares bounced back and the dollar fell on Thursday after minutes of the U.S. Federal Reserve's latest policy meeting showed policymakers have some concerns about downside risks to the global economy and the dollar's strength.

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German flag

Weak German output numbers send Europe into reverse

A second day of weak German data sent European markets into retreat on Tuesday with stocks, the euro and periphery euro zone government debt all knocked by the mounting evidence of an abrupt slowdown in the bloc's economic engine room.

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