Brent

Brent crude up $1 to over $60.50 as global markets firm

Brent crude oil prices rose more than a dollar to above $60.50 a barrel on Tuesday, tracking firmer Asian markets, but analysts warned the market remained oversupplied.

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Global stocks fall on mixed data; oil rebounds

U.S. stocks closed lower on the last trading day of February after mixed U.S. economic data on a day when European stocks hit records and oil prices rebounded for their first monthly gain since June.

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Brent rises above $61, set for first monthly gain since July

Crude oil futures rebounded on Friday and Brent headed for its first monthly gain since July, helped by strong investor inflows, an improving demand outlook and supply outages.

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Oil turns lower on expectations of crude oil inventory rise

Crude oil futures fell on Tuesday as expectations that this week's reports will show U.S. crude inventories rose again countered supportive news of Libyan oilfields being shut.

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Brent falls toward $58 as supply fears linger

Brent fell toward $58 a barrel on Tuesday, extending the 2-percent loss in the previous session, as oversupply fears lingered, overshadowing any optimism on the outlook for the global economy.

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Oil falls 2 percent on glut worries; heating oil up on tight supply

Crude oil futures fell more than 2 percent on Monday as investors worried about oversupply and a strong dollar, but heating oil futures jumped 5 percent due to operational problems at major U.S. refineries.

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Oil ends mixed after mild rig count drop, heating oil spikes

Crude prices ended mixed on Friday as the number of U.S. rigs drilling for oil fell far less than expected this week, while heating oil jumped 6 percent after severe winter cold crimped output at three refineries.

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Greek bailout jitters push stock markets off highs

World stocks eased off five-month highs on Friday and the euro fell before a European finance ministers' meeting that could potentially cut Greece adrift and set it on the path to exiting the euro zone.

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Brent crude extends rally, but analysts warn prices could drop

Brent crude extended its rally on Tuesday, moving further away from six-year lows hit in January, but some analysts warned that prices had risen too far and could face a downward correction.

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Oil markets steady as Japan emerges from recession

Oil prices steadied on Monday as Japan's economy emerged from recession and as strong demand for refined products translated into healthy orders for crude.

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Oil jumps on weak dollar, industry cuts in jobs, spending

Oil prices rallied sharply on Thursday after two days of losses as news of deeper industry spending cuts and a sinking U.S. dollar revived buying.

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Brent holds near $55 after big fall on record U.S. crude stocks

Brent hovered near $55 a barrel on Thursday after data showed U.S. crude stockpiles set a record for the fifth week in a row, renewing fears that supply is still far outpacing demand.

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Oil dips after weak Chinese trade data

Brent crude prices slipped on Monday as a slump in Chinese imports pointed to lower fuel demand in the world's biggest energy consumer, outweighing falling U.S. oil rig counts and signs of healthy U.S. growth.

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Oil up 11 percent after two-day rally; trade volatile on stock builds

Oil prices rose strongly again on Monday, tacking on a total of 11 percent over two straight sessions, as some investors bet that a bottom had formed to the seven-month long rout on the market even as others remained pessimistic.

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Oil gives up early gains on firm dollar, shrugs off OPEC comments

Oil gave up early gains with Brent futures slipping below $48 on Tuesday as a stronger dollar weighed, offsetting comments from producer group OPEC that prices may have found a floor.

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